CBDT issues refunds of over Rs. 1,83,579 crore to more than 2.09 crore taxpayers from 1st Apr,2021 to 28th Feb,2022. Income tax refunds of Rs. 65,938 crore have been issued in 2,07,27,503 cases &corporate tax refunds of Rs. 1,17,641 crore have been issued in 2,30,566 cases.
This includes 1.70 crore refunds of AY 2021-22 amounting to Rs. 34,202.31 crore.
Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.