The Central Board of Direct Taxes (CBDT) has so far issuedrefunds of over Rs 1.21 lakh crore to nearly 36 lakh taxpayers in the currentfinancial year (2020-21).
It has issued income tax refunds of over Rs 33,000 crore inmore than 34 lakh cases and corporate tax refund of more than Rs 88,000 crorein over 1.83 lakh cases.
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"The CBDT issues refunds of over Rs 1,21,607 crore tomore than 35.93 lakh taxpayers between April 1 and October 6. Income taxrefunds of Rs 33,238 crore have been issued in 34,09,246 cases and corporatetax refunds of Rs 88,370 crore in 1,83,773 cases," the Income TaxDepartment said in a tweet on Wednesday.
The Finance Ministry had earlier said that in view of theissues arising out of the coronavirus pandemic, emphasis was on release of allrefunds in the earliest possible time.