Finance
By: Shree1news, 05 JAN 2022
Income tax department has issued refunds worth more than ₹ 1.50 lakh crore during the current financial year
New Delhi:
Income Tax department informed on Wednesday that it has issued refunds worth more than ₹ 1.50 lakh crore all through the current financial year (2021-22). those additionally include 1.1 crore refunds of assessment year 2021-22 amounting to ₹ 21,323.55 crore.
“CBDT issues refunds of over ₹ 1,50,407 crore to more than 1.48 crore taxpayers from 1st Apr,2021 to 3rd January, 2022,” the I-T department tweeted.
Of this, income tax refunds of ₹ 51,194 crore have been issued in 1.46 crore cases and corporate tax refunds of ₹ 99,213 crore have been issued in over 2.19 lakh cases.
