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The Central Board of Direct Taxes (CBDT) is the apex decision-making body in direct tax matters, administers personal income tax and corporate tax.

Income Tax refunds worth Rs 88,652 crore issued to 24.64 lakh taxpayers so far this fiscal

By Press Trust of India| Posted by Susmita Pakrasi | New Delhi
PUBLISHED ON AUG 21, 2020 11:55 AM IST
This include personal income tax (PIT) refunds amounting to Rs 28,180 crore issued to over 23.05 lakh taxpayers and corporate tax refunds amounting to Rs 60,472 crore to over 1.58 lakh taxpayers during this period.
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An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration(REUTERS)
An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration(REUTERS)

76 taxpayers per minute: Rs 62K crore I-T refunds issued to over 2 million from April 8 to June 30

By HT Correspondent | Edited by Arpan Rai | Hindustan Times, New Delhi
PUBLISHED ON JUL 03, 2020 11:27 PM IST
I-T refunds amounting to Rs 23,453.57 crore have been issued in 19,07,853 cases to taxpayers and corporate tax refunds amounting to Rs 38,908.37 crore have been issued in 1,36,744 cases to taxpayers during this period, it said.
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The government had last week slashed TDS (tax deducted at source)/TCS (tax collected at source) rate for non-salary payments by 25% for the remaining months of the fiscal(Pradeep Gaur/Mint File Photo)
The government had last week slashed TDS (tax deducted at source)/TCS (tax collected at source) rate for non-salary payments by 25% for the remaining months of the fiscal(Pradeep Gaur/Mint File Photo)

Refunds worth Rs 26,242 crore processed since April 1, says tax department

By hindustantimes.com | Edited by: Amit Chaturvedi | Hindustan Times, New Delhi
UPDATED ON MAY 22, 2020 03:07 PM IST
Finance Minister Nirmala Sitharaman had announced a slew of measures to tide over Covid-19 crisis last week including slashing of TDS/TCS rate for non-salary payments by 25 per cent.
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The latest judgement provides some relief to Vodafone Idea, which owes about Rs50,000 crore in licence fee and spectrum dues to the department of telecommunications.(REUTERS)
The latest judgement provides some relief to Vodafone Idea, which owes about Rs50,000 crore in licence fee and spectrum dues to the department of telecommunications.(REUTERS)

Vodafone Idea gets tax refund of 733 crore

By Japnam Bindra and Leroy Leo | Hindustan Times, New Delhi
PUBLISHED ON APR 30, 2020 08:06 AM IST
The refund for assessment year 2014-15 has to be issued within four weeks, directed the top court division bench comprising Justices Uday Umesh Lalit and Vineet Saran.
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The CBDT on Friday reiterated its request that in 1.74 lakh cases, responses are awaited from taxpayers regarding reconciliation with their outstanding tax demand for which a reminder email has been sent asking them to respond within 7 days. (Image used for representation).(HT FILE PHOTO.)
The CBDT on Friday reiterated its request that in 1.74 lakh cases, responses are awaited from taxpayers regarding reconciliation with their outstanding tax demand for which a reminder email has been sent asking them to respond within 7 days. (Image used for representation).(HT FILE PHOTO.)

In relief to small businesses, tax refunds worth Rs 5204 cr released in 10 days: CBDT

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON APR 17, 2020 09:44 PM IST
The CBDT said that following the Union government’s decision on April 8, the income tax department has till date issued nearly 14 lakh refunds up to Rs 5 lakh each in order to help taxpayers deal with the current situation.
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The CBDT has requested taxpayers to check their email and login to their e-filing account to respond to the I-T Department immediately.(iStock)
The CBDT has requested taxpayers to check their email and login to their e-filing account to respond to the I-T Department immediately.(iStock)

Over 10.2 lakh refunds worth Rs 4,250 crore issued in a week: CBDT

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON APR 15, 2020 04:34 PM IST
The CBDT further said that about 1.75 lakh more refunds are in the process of issuance this week. These refunds would get credited directly to the taxpayer bank account in 5-7 business days from issuance.
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Similarly, all GST and customs refunds will also to be released to provide immediate cash in hand to about 100,000 business entities, including micro, small and medium enterprises (MSMEs).(File photo: AFP)
Similarly, all GST and customs refunds will also to be released to provide immediate cash in hand to about 100,000 business entities, including micro, small and medium enterprises (MSMEs).(File photo: AFP)

18,000 crore released as tax refunds

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON APR 09, 2020 03:17 AM IST
“In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, it has been decided to issue all the pending income-tax refunds up to Rs 5 lakh, immediately,” a statement issued by the department of revenue said.
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Ludhiana: Taxation lawyer, I-T employee arrested in refund scam

By HT Correspondent | Hindustan Times, Ludhiana, Ludhiana
UPDATED ON APR 13, 2018 06:10 PM IST
Tax refunds to the tune of Rs 2 crore were fraudulently claimed by the accused, say I­T officials
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