Business EconomPosted at: Apr 1 2021 5:42PM

CBDT says it issued over 43 pc more refunds in last fiscal

New Delhi, Apr 1 (UNI) The Central Board of Direct Taxes (CBDT) on Thursday said it has issued refunds of more than Rs 2.62 lakh crore to more than 2.38 crore taxpayers from April 1, 2020 to March 31, 2021.
There is an increase of almost 43.2 per cent in the total amount of refund issued in comparison to the last fiscal. Over 1.83 crore was refunded in 2019-20.
Income tax refunds of approximately Rs 87,749 crore have been issued in 2,34,27,418 cases whereas corporate tax refunds of approximately Rs 1,74,576 crore have been issued in about 3,46,164 cases in the last fiscal, the CBDT said.
The board said that to ease the economic fallout of the pandemic, the CBDT has issued pending refunds expeditiously.
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