TaxTMI 
TaxTMI 
CBDT issues refunds of more than 2.62 lakh crore upto 31.03.2021
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....BDT issues refunds of more than 2.62 lakh crore upto 31.03.2021 <br>News and Press Release<br>Dated:- 1-4-2021<br><BR>The Financial Year 2020-21 has been a year full of challenges, both, globally as w....
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....ell as for India due to the COVID-19 pandemic. The Government has, from time to time, come out with several initiatives to mitigate the economic hardship caused to the people due to the effect of the ....
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....pandemic. To provide immediate relief to the taxpayers, both individuals and business entities, the Government has issued income tax refunds in majority of the pending cases with alacrity. Accordingl....
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....y, the Central Board of Direct Taxes (CBDT) has issued refunds of more than ₹ 2.62 lakh crore to more than 2.38 crore taxpayers from 1st April, 2020 to 31st March, 2021, as against total refunds....
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.... of ₹ 1.83 lakh crore issued during the corresponding period of the previous fiscal, marking an increase of almost 43.2%. Income tax refunds of approximately ₹ 87,749 crore have been issue....
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....d in 2,34,27,418 cases whereas corporate tax refunds of approximately ₹ 1,74,576 crore have been issued in about 3,46,164 cases during the said period. It has been the endeavour of the Governme....
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....nt to come out with various measures to ease the economic fallout of the pandemic and in line with the same, CBDT has issued pending refunds expeditiously.<BR> News - Press release - PIB....