Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1 lakh crore to greater than 32.07 lakh taxpayers between 1st April 2020 to 22nd September 2020.
The revenue tax refunds of Rs 31,856 crore have been issued in 30,29,681 instances and company tax refunds of Rs 79,517 crore have been issued in 1,76,966, the assertion stated.
“CBDT points refunds of over Rs 1,11,372 crore to greater than 32.07 lakh taxpayers between 1st April 2020 to 22nd September 2020. Earnings tax refunds of Rs. 31,856 crore have been issued in 30,29,681 instances and company tax refunds of Rs.79,517 crore have been issued in 1,76,966 instances,” the CBDT tweeted.
In wake of coronavirus pandemic, CBDT has prolonged the due date for submitting of Earnings Tax Returns for FY 2018-19 (AY 2019-20) from July 31 to September 30, 2020.
CBDT is the authority vested with the duty of the administration of legal guidelines associated to direct taxes by the Division of Earnings Tax. In India, mandatory inputs for coverage and planning is offered by the CBDT.
