New Delhi: The Central Board of Direct
Taxes has processed 2.10 crore refund returns amounting to Rs 1,46,272.8
crore or Rs 1.46 lakh crore for the current Assessment Year 2019-20 as
on November 28.
This, compared to 1.75 crore (AY 2018-19) refund
returns for the same period in 2018-19, shows an increase of 20 per
cent. The total refund in the comparable period was Rs 1,19,164.7 lakh
crore, and thus the refund amount now is an increase of 22.7 per cent,
the CBDT said.
The CBDT has stressed on the speedy refunds issue
this year in an automated manner without any interface with the
taxpayer. Its Central Processing Centre (CPC) has been at the forefront
According to CBDT sources, there has been a 20 per cent
rise in processing of refund returns. CPC processed 2.10 crore refund
returns amounting to Rs 1.46 lakh crore for the current Assessment Year
2019-20 as on November 28, 2019, compared to 1.75 crore AY 2018-19
refund returns for the same period of 2018-19, or an increase of 20 per
CBDT figures said there has been also been a 20 per cent increase in total number of returns processed.
processed 4.70 returns during FY 2019-20 till November 28 while for the
same period in FY 2018-19, 3.91 crore returns were processed.
CPC issued 43 lakh more refunds within 30 days in the FY 2019-20,
compared to the previous year, which results in an increase of over 42
In FY 2019-20 of the 2.10 refund ITRs processed, 68
per cent of the refunds were issued within 30 days from the date of
e-verification of ITSs compared to 57 per cent for the same period in
As on November 29, the number of verified ITSs pending is 20.76 lakh and they are currently being processed.