CBDT issues over 10 lakh refunds worth Rs 4250 cr in week

Central Board of Direct taxes, CBDT has issued over 10 lakh refunds worth four thousand 250 crore rupees in a week. These refunds are over and above the two crore 50 lakh refunds already issued in 2019 -20 till 31st of last month totaling to one lakh 84 thousand crore rupees. Last week, CBDT had said that it will issue pending income tax refunds up to five lakh rupees to help taxpayers in a COVID-19 pandemic situations. CBDT further said that about 1.75 lakh more refunds are in the process of is...