Income Tax Department has issued refunds
Between April 1 and July 5, the Income Tax Department provided refunds of Rs 37,050 crore to more than 17.92 lakh people. Personal tax refunds totalled Rs 10,408 crore, while corporate refunds totalled Rs 26,642 crore.
Meanwhile, the Income Tax Department issued over Rs 17,061 crore in refunds to over 13 lakh taxpayers in the first four months of 2021.
“Between April 1 and July 5, 2021, the CBDT issued refunds of over Rs 37,050 crore to over 17.92 lakh taxpayers. In 16,89,063 cases, the tax refunds of Rs 10,408 crore were provided, while corporate tax refunds of Rs 26,642 crore were issued in 1,03,088 cases “The IT department sent out a tweet.
Personal tax refunds totalling Rs 5,575 crore were issued in over 12.71 lakh instances, while corporate tax refunds of Rs 11,486 crore were issued to 29,592 taxpayers, according to the earlier announcement from the Department.