The Revenue Tax division on Friday mentioned it has issued refunds price Rs 88,652 crore to over 24 lakh taxpayers to this point this fiscal. This embrace private earnings tax (PIT) refunds amounting to Rs 28,180 crore issued to over 23.05 lakh taxpayers and company tax refunds amounting to Rs 60,472 crore to over 1.58 lakh taxpayers throughout this era.
“CBDT has, to this point, issued refunds of over Rs 88,652 crore to greater than 24.64 lakh taxpayers from 1st April, 2020 onwards. Revenue tax refunds of Rs 28,180 crore have been issued in 23,05,726 circumstances & company tax refunds of Rs 60,472 crore have been issued in 1,58,280 circumstances,” the Revenue Tax division tweeted. The Central Board of Direct Taxes (CBDT) is the apex decision-making physique in direct tax issues, administers private earnings tax and company tax.
The federal government has emphasised on offering tax associated companies to taxpayers with none hassles throughout COVID-19 pandemic and to that finish has been clearing up pending tax refunds.
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