The Central Board of Direct Taxes (CBDT) refunded Rs.1,50,863 crore to more than 1.18 crore taxpayers since April.
“CBDT issues refunds of over Rs. 1,50,863 crore to more than 1.18 crore taxpayers between 1st April, 2020 to 20th December,2020. Income tax refunds of Rs.47,608 crore have been issued in 1,16,07,299 cases & corporate tax refunds of Rs. 1,03,255crore have been issued in 2,01,796 cases,” the Income Tax Department tweeted.
According to the Income Tax department, Income Tax refunds of Rs.47,608 crore have been issued in 1,16,07,299 cases and corporate tax refunds of Rs 1,03,255 crore have been issued in 2,01,796 cases. In the wake of the COVID-19 pandemic, the CBDT has also extended the last date for filing Income Tax Returns (ITR) for the financial year 2019-20 to December 31, and for those taxpayers whose accounts need to be audited, the ITR filing deadline has been extended by two months till January 31, 2021.
