Search For "income tax refund"
CBDT issues refunds of over Rs 2.62 lakh crore in FY21 to over 2.38 cr tax
Updated : 5 years, 4 months ago IST
New Delhi [India], April 1 (ANI): In an effort to provide immediate relief to the taxpayer amid the COVID-19 pandemic, the Central Board of Direct Taxes (CBDT) has issued refunds of more than Rs 2.62 lakh crore to more than 2.38 crore taxpayers during the Financial Year 2020-21.
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I-T Dept refunded nearly Rs 1.27 lakh crores through automated refund syst
Updated : 5 years, 10 months ago IST
New Delhi [India], October 30 (ANI): Finance Secretary Dr Ajay Bhushan Pandey today said that the income tax refund of about Rs 1,27,000 crore has been sent to bank accounts of individuals and businesses in this financial year.
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CBDT issues over Rs 1,21,607 cr to over 35.93 lakh taxpayers since April
Updated : 5 years, 10 months ago IST
New Delhi [India], October 7 (ANI): The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1,21,607 crore to more than 35.93 lakh taxpayers between April 1, 2020, and October 6, 2020, said the Income Tax Department on Wednesday.
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CBDT issues over Rs 1,18,324 cr refund to 33.54 lakh taxpayers since April
Updated : 5 years, 11 months ago IST
New Delhi [India], September 30 (ANI): The Central Board of Direct Taxes (CBDT) has issued refunds over Rs 1,18,324 crore to more than 33.54 lakh taxpayers between April 1, 2020, to September 29, 2020, said the Income Tax Department on Wednesday.
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CBDT refunds Rs 88,652 cr to over 24.64 lakh taxpayers from April 1 onward
Updated : 6 years ago IST
New Delhi [India], August 21 (ANI): The Central Board of Direct Taxes (CBDT) has so far issued refunds worth over Rs 88,652 crores to more than 24.64 lakh taxpayers since the start of April, officials said on Friday.
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CBDT refunds Rs 71,229 crore during Covid-19 to help taxpayers
Updated : 6 years, 1 month ago IST
New Delhi [India], July 17 (ANI): The Central Board of Direct Taxes (CBDT) said on Friday it issued refunds worth Rs 71,229 crore in more than 21.24 lakh cases till a week ago to help taxpayers with liquidity in the Covid-19 pandemic days.
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As a relief to MSMEs, I-T refunds worth Rs 5,204 cr issued in last 10 days
Updated : 6 years, 4 months ago IST
New Delhi [India], April 17 (ANI): The Central Board of Direct Taxes (CBDT) on Friday said that income tax refunds to nearly 8.2 lakh small businesses -- proprietors, firms, corporate and trusts -- worth Rs 5,204 crore have been issued since April 8.
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IT Department to release all pending income-tax refunds up to Rs 5 Lakh
Updated : 6 years, 4 months ago IST
New Delhi [India], April 8 (ANI): Considering the prevailing scenario in the country due to COVID-19 and the lockdown, the Ministry of Finance decided to release all pending income-tax refunds up to Rs 5 lakh, immediately, to provide relief to companies and individuals.
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Processing of Income Tax refund returns witnessed 20 per cent increase, sa
Updated : 6 years, 8 months ago IST
New Delhi [India], Dec 4 (ANI): The Central Board of Direct Taxes (CBDT) has said that there has been a 20 per cent increase in processing of Refund returns for the current assessment year as compared to the same period in the previous year.
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Working on digital IT refund generation in 24hrs: Piyush Goyal
Updated : 7 years, 6 months ago IST
New Delhi [India], Feb 1 (ANI): Union Finance Minister Piyush Goyal on Friday said the Centre is working on a method to ensure digital generation of income tax refund within 24 hours from the time of filing for returns.
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Processing of Income Tax refunds is faster than ever: CBDT Chairman
Updated : 7 years, 10 months ago IST
New Delhi [India], Oct 22 (ANI): The Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra on Monday said that higher level of compliance, various legislative and administrative measures have been taken by the Central Government against tax evasion.
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IT Dept. expedites clearance of pending issue of refunds
Updated : 8 years, 1 month ago IST
New Delhi [India], July 4 (ANI): The Income Tax Department on Wednesday notified that processing of more than 99 percent of refund under the income-tax returns has been cleared with effect and rectification.
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