January 23, 2021

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I-T refunds of Rs 95,853 crore issued to 25.55 lakh taxpayers this fiscal | Economic system Information

I-T refunds of Rs 95,853 crore issued to 25.55 lakh taxpayers this fiscal

New Delhi: The Earnings Tax division on Wednesday mentioned it has issued refunds price Rs 95,853 crore to over 25.55 lakh taxpayers within the present fiscal.

This embrace private revenue tax refunds amounting to Rs 29,361 crore issued to 23.91 lakh taxpayers and company tax refunds amounting to Rs 66,493 crore to over 1.63 lakh taxpayers throughout this era.

“CBDT points refunds of over Rs 95,853 crore to greater than 25.55 lakh taxpayers between 1st April, 2020 to 25th August, 2020. Earnings tax refunds of Rs 29,361 crore have been issued in 23,91,517 circumstances & company tax refunds of Rs 66,493 crore have been issued in 1,63,272 circumstances,” the I-T division tweeted.

The federal government has emphasised on offering tax-related providers to taxpayers with none hassles throughout COVID-19 pandemic and to that finish has been clearing up pending tax refunds.

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