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Income tax refunds

21 Oct 2021

Income tax refunds of Rs 92,961 crore issued during ongoing fiscal: CBDT

The Central Board of Direct Taxes (CBDT) frames policy for the Income Tax Department. The CBDT issued refunds of over Rs 92,961 crore to more than 63.23 lakh taxpayers from 1st April, 2021 to 18th October, 2021. This includes 32.49 lakh refunds of AY 2021-22 amounting to Rs 2498.18 crore.

28 Feb 2019

Investors oppose RCom's plea to use IT refunds to settle Ericsson's dues

The NCLAT was hearing RCom's plea, which has approached the appellate tribunal seeking waiver over the moratorium placed by it on February 4.

02 Oct 2014

LIC gets Rs 11,500 cr in I-T refunds, policy holders to benefit

Life Insurance Corporation (LIC) has received more than Rs 11,500 crore in income tax refunds and a big chunk of the amount would be passed on to policyholders, an official said.

10 Jun 2014

Expedite IT refunds through online passbook mechanism: Ficci

Industry body Ficci has asked Finance Minister Arun Jaitley to expedite IT refunds by making the process taxpayer-friendly through issuance of an online passbook linked with the permanent account number (PAN) in which refunds are credited as dues for each financial year.

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