CBDT issues tax refunds of over 1.15 lakh crore to 98.9 lakh taxpayers
Business | November 10, 2021 16:16 ISTThe tax refund includes 65.31 lakh refunds of AY 2021-22 amounting to Rs 12,616.79 crore.
The tax refund includes 65.31 lakh refunds of AY 2021-22 amounting to Rs 12,616.79 crore.
Central Board of Direct Taxes on Friday has issued tax refunds worth Rs. 26,242 crore to 16,84,298 tax assesses since April 1 to May 21, 2020 and corporate tax refund to 1.02 lakh assesses amounting to Rs 11,610 cr given during this period.
At a press conference called to disclose impact of steps taken to boost consumption in the economy so as to uplift growth from a six-year low, Pandey said tax refund cases have gone up by 17 per cent to 2.16 crore.
The Centralised Processing Centre (CPC) processed 4.70 crore tax returns between April 2019 and November 28 (almost eight months of current 2019-20 year) as opposed to 3.91 crore returns being processed in the same period a year back, they said.
The government would soon bring the tax refund scheme for exporters before the Union Cabinet and would notify it, Commerce and Industry minister Piyush Goyal informed Rajya Sabha on Friday.
New Delhi: Finance Minister Arun Jaitley today said increased tax refunds in the current financial year is leading to higher fiscal deficit, which neared 83 per cent of full year target in the April-September period.“Higher
New Delhi, Jul 7: Driven by a hefty increase in tax refunds which more than doubled in the first quarter of the current fiscal, net direct tax collections dropped by almost 17 per cent during
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