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CBDT issues refund of over Rs 1,40,210 cr to over 59.68 lakh taxpayers since April

The Central Board of Direct Taxes (CBDT) on Wednesday issued refunds of over Rs 1,40,210 crore to more than 59.68 lakh taxpayers between April 1, 2020 to December 1, 2020, said Income Tax Department.

ANI | New Delhi | Updated: 02-12-2020 18:44 IST | Created: 02-12-2020 18:44 IST
CBDT issues refund of over Rs 1,40,210 cr to over 59.68 lakh taxpayers since April
Representative Image. Image Credit: ANI

The Central Board of Direct Taxes (CBDT) on Wednesday issued refunds of over Rs 1,40,210 crore to more than 59.68 lakh taxpayers between April 1, 2020 to December 1, 2020, said Income Tax Department. As per the IT Department, Income Tax refunds of Rs 38,105 crores have been issued in 57,68,926 cases and corporate tax refunds of Rs 1,02,105 crores have been issued in 1,99,165 cases.

"CBDT issues refunds of over Rs 1,40,210 crores to more than 59.68 lakh taxpayers between April 1, 2020 to December 1, 2020. Income tax refunds of Rs 38,105 crores have been issued in 57,68,926 cases and corporate tax refunds of Rs 1,02,105 crores have been issued in 1,99,165 cases," the Income Tax Department said in a tweet. The Finance Ministry had last month extended the deadline for filing returns by individual taxpayers for Financial Year 2019-20 till December 31. The CBDT had earlier issued a notification on June 24, 2020, extending the due date for all Income Tax Returns for the FY 2019-20 to November 30, 2020. (ANI)

Also Read: Huawei selling Honor brand to consortium of agents and dealers to keep the unit alive

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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