Centre issues tax refunds of over Rs 26k cr since April 1

Source :IANS
Author :IANS
Last Updated: Fri, May 22nd, 2020, 16:47:16hrs

New Delhi, May 22 (IANS) The Centre has given tax refunds worth Rs 26,242 crore to 16,84,298 tax assesses since April 1.

Till May 21, the Central Board of Direct Taxes (CBDT) has issued Income Tax refund amounting to Rs 14,632 crore to 15,81,906 assesses and corporate tax refund amounting to Rs 11,610 crore to 1,02,392 assesses during this period.

CBDT stated that it has released a sum of Rs 2,050.61 crore in the week ended on May 16.

"While in this week ended on 21st May, i.e., between 17th to 21st May, yet another 1,22,764 income tax assesses were refunded Rs 2672.97 crore and 33,774 corporate assesses including trusts, MSMEs, proprietorships, partnerships, etc. were issued refunds worth Rs 6714.34 crore, totalling the amount refunded as worth Rs 9,387.31 crore to 1,56,538 tax assesses."