By October 18, the current fiscal year (2021-22), the Income Tax Department has refunded more than Rs 92,961 to taxpayers over Rs 6323,000. IT refunds worth Rs 23,026 were issued in the case of 61.53 larks, while corporate tax refunds worth Rs 69,934 were issued in the case of 1.69 larks. These include a refund of Rs 32.49 million for 2021-22, which is equivalent to Rs 2498.18.
“CBDT will issue more than 92,961 rupees refunds to taxpayers over 62,961 rupees from April 1, 2021 to October 18, 2021. Income tax refunds of 23,026 rupees will be issued in 61,53,231 cases. A corporate tax refund of Rs 69,934 has been issued. It has been issued in 1,69,355 cases, including a refund of 32.49 Raku for 2021-22, Rs 2,498.18, “the Income Tax Department tweeted. Did.
In particular, in the last fiscal year of fiscal year 2020-21, the Income Tax Office issued tax refunds of Rs 262 million to taxpayers of Rs 238 million. This was 43.2 percent more than the Rs 1.83 refund issued in fiscal year 2019-20.
The Central Commission for Direct Taxes (CBDT) has extended the deadline for filing income tax returns for the 2021-22 valuation year to 31 December. The deadline for submitting ITRs has already been extended from July 31, 2021 to September 30, 2021. Considering the disastrous second wave of the coronavirus disease (Covid-19) pandemic.
The final extension of the deadline arose in the ongoing technical glitches of the new income tax portal being developed and managed by Infosys, which is facing government backlash on this issue.
(With input from ANI)
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CBDT issues a refund of Rs92,961Cr to 63.23 Lakh taxpayers
Source link CBDT issues a refund of Rs92,961Cr to 63.23 Lakh taxpayers