133rd Day Of Lockdown

Maharashtra45795629935616142 Tamil Nadu2682852087844349 Andhra Pradesh176333956251604 Karnataka145830692722704 Delhi1391561252264033 Uttar Pradesh100310572711817 West Bengal80984568841785 Telangana6894649675563 Gujarat65704485612529 Bihar6203140760349 Assam4816233429115 Rajasthan4667932832732 Haryana3779631226448 Odisha3768124483258 Madhya Pradesh3508225414912 Kerala279561629988 Jammu and Kashmir2239614856417 Punjab1901512491462 Jharkhand140705199129 Chhatisgarh10109761369 Uttarakhand8008484795 Goa7075511460 Tripura5520367528 Puducherry4147253758 Manipur301818147 Himachal Pradesh2879171013 Nagaland24056594 Arunachal Pradesh179011053 Chandigarh120671520 Meghalaya9173305 Sikkim7832971 Mizoram5022820
Business Other News 03 Jul 2020 I-T department refun ...

I-T department refunds ₹62,000 crore to 20 lakh taxpayers

PTI
Published Jul 3, 2020, 3:23 pm IST
Updated Jul 3, 2020, 4:14 pm IST
The income tax department has issued tax refunds at a speed of 76 cases per minute from April 8 to June 30, 2020
I-T refunds worth Rs 62,361 cr issued to 20.44 lakh taxpayers during Apr 8-Jun 30. (PTI Photo)
 I-T refunds worth Rs 62,361 cr issued to 20.44 lakh taxpayers during Apr 8-Jun 30. (PTI Photo)

New Delhi: The income tax department has issued refunds worth Rs 62,361 crore to over 20 lakh taxpayers between April 8 and June 30.

This includes personal income tax (PIT) refunds amounting to Rs 23,453.57 crore issued to 19.07 lakh taxpayers and corporate tax refunds amounting to Rs 38,908.37 crore to over 1.36 lakh taxpayers during this period.

 

"The income tax department has issued tax refunds at a speed of 76 cases per minute from April 8 to June 30, 2020. During this period of just 56 weekdays, the Central Board of Direct taxes (CBDT) has issued refunds in more than 20.44 lakh cases amounting to more than Rs 62,361 crore," an official statement said.

These refunds have been directly deposited into the bank accounts of the taxpayers and no taxpayer had to approach the Department to request for release of refund.

The CBDT further asked taxpayers to provide immediate response to e-mails of the department so that refunds in their cases too could be processed and issued right away.

 

"Such e-mails of the I-T department seek taxpayers to confirm their outstanding demand, their bank account number and reconciliation of defect/mismatch prior to issue of refund. In all such cases, quick responses from the taxpayers would enable the I-T department to process their refunds expeditiously," it added.

On April 8, the department had said that in the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, it has been decided to issue all the pending income-tax refunds up to Rs 5 lakh, immediately.

 

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT