IT refund: Revenue Tax refunds value Rs 1.93 lakh crore issued


The Revenue Tax division on Thursday stated it has issued refunds of over Rs 1.93 lakh crore to over 2.26 crore taxpayers until March 20 this fiscal. This contains 1.85 crore refunds of 2020-21, AY2021-22, amounting to Rs 38,447.27 crore.

“CBDT points refunds of over Rs 1,93,720 crore to greater than 2.26 crore taxpayers from April 1, 2021, to March 20, 2022,” the I-T division tweeted.

This contains private I-T refunds of Rs 70,977 crore and company tax refunds of Rs 1,22,744 crore.

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