I-T refunds worth Rs 1.32 lakh cr issued to 39.75 lakh taxpayers

NEW DELHI: The Income Tax department has
issued
refunds
worth over
Rs
1.32
lakh crore
to over 39
lakh
taxpayers so far this fiscal.

This include Personal income tax (PIT)
refunds amounting
to
Rs 35,123 crore and corporate tax
refunds amounting
to
Rs 97,677 crore during this period.

“CBDT issues
refunds of over
Rs 1,32,800 crore
to more than
39.75
lakh
taxpayers between April 1,2020
to November 10,2020. Income tax
refunds of
Rs 35,123 crore have been
issued in 37,81,599 cases and corporate tax
refunds of
Rs 97,677 crore have been
issued in 1,93,813 cases,” the
I–
T department tweeted.