Income Tax refunds

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INCOME TAX REFUNDS NEWS

I-T refunds of Rs 1.50 lakh crore issued till Jan 3 this fiscal year

January 05, 2022 5:28 pm

This includes 1.1 crore refunds of Assessment Year 2021-22 amounting to Rs 21,323.55 crore.

I-T Department issues refunds worth Rs 25,301 crore so far this fiscal

May 26, 2021 5:31 pm

Out of the total amount, personal income tax refunds to the tune of Rs 7,494 crore have been issued in over 15 lakh cases. Corporate tax refunds of Rs 17,807 crore have been issued to 44,140 taxpayers.

I-T refunds worth Rs. 1.18 lakh cr issued to 33.54 lakh taxpayers till Sep 29

September 30, 2020 5:24 pm

This include personal income tax (PIT) refunds amounting to Rs. 32,230 crore issued to 31.75 lakh taxpayers, and corporate tax refunds amounting to Rs. 86,094 crore to over 1.78 lakh taxpayers during this period.

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Income Tax refunds worth Rs 88,652 crore issued to 24.64 lakh taxpayers so far this fiscal

August 21, 2020 3:53 pm

This include personal income tax (PIT) refunds amounting to Rs 28,180 crore issued to over 23.05 lakh taxpayers and corporate tax refunds amounting to Rs 60,472 crore to over 1.58 lakh taxpayers during this period.

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Apr 8-Jun 30: I-T refunds worth `62,361 crore issued to 20.44 lakh taxpayers

July 04, 2020 1:02 am

The Department processed 20.44 lakh cases within the 56 week days in this period. On April 8, the Centre had announced that it would release pending I-T refunds to help businesses and individuals tide over the potential cash flow issues due to lockdown.

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To boost liquidity, IT dept issues refunds worth Rs 26, 242 cr to taxpayers

May 22, 2020 6:14 pm

The refund process, which is being done as part of efforts to make liquidity available with people and firms to deal with the pandemic has been further expedited at a greater pace since Finance Minister Nirmala Sitharaman's announcement made in the 'Atmanirbhar Bharat Abhiyan' last week.