As per the recent tweet of Income Tax India, the Central Board of Direct Taxes (“CBDT”) has issued refunds of over Rs. 1,44,328 crore to more than 1.38 crore taxpayers from April 01, 2021 to December 20, 2021.
Income tax refunds of Rs. 49,194 crore have been issued in 1,35,35,261 cases & corporate tax refunds of Rs. 95,133 crore have been issued in 2,11,932 cases.
This includes 99.75 lakh refunds of AY 2021-22 amounting to Rs. 20,451.95 crore.