This consists of Personal revenue tax (PIT) refunds amounting to Rs 53,070 crore and company tax refunds of over Rs 1.10 lakh crore throughout this era.
“CBDT issues refunds of over Rs. 1,64,016 crore to more than 1.41 crore taxpayers between 1st April,2020 to 04th January,2021.Income tax refunds of Rs. 53,070 crore have been issued in 1,38,85,044 cases & corporate tax refunds of Rs. 1,10,946 crore have been issued in 2,06,847cases,” the Income Tax division tweeted.
The Department on Tuesday had stated that over 5 crore revenue tax returns (ITRs) for fiscal 12 months 2019-20 have been filed until January 4.
The authorities has prolonged the ITR submitting deadline for people until January 10, and for corporations until February 15.