CBDT issues refunds of over Rs 1.7 crore to taxpayers

The tweet by the Income Tax Department of India added that Income Tax refunds of Rs 58,631 crores have been issued in 1,62,39,742 cases and corporate tax refunds of Rs 1,17,586crore have been issued in 2,11,338 cases.

New Delhi: The Central Board of Direct Taxes (CBDT) issued refunds of over Rs 1,76,217 crores to more than 1.65 crore taxpayers between April 1, 2020, to January 18, 2021, an official statement said here on Wednesday.

The tweet by the Income Tax Department of India added that Income Tax refunds of Rs 58,631 crores have been issued in 1,62,39,742 cases and corporate tax refunds of Rs 1,17,586crore have been issued in 2,11,338 cases.

The last date of filing Income Tax Returns (ITRs) for individuals for Annual Year 2020-21 was January 10.