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Over 1.62 cr refunds issued till February 10: CBDT

New Delhi, Feb 13:  Over 4.19 crore income tax returns (ITRs) have been processed and over 1.62 crore refunds issued during the current fincial year up to February 10, Central Board of Direct Taxes (CBDT) said on Monday. “The Centralised Processing Centre (CPC) of the income tax department at Bengluru has already processed over 4.19 crore ITRs and issued over 1.62 crore refunds during the current fincial year up to February 10,” CBDT said in a statement here. “The amount of refunds issued at Rs 1.42 lakh crore is 41.5 per cent higher than the corresponding period last year,” the statement said. As a result of emphasis on expeditious issue of refunds, 92 per cent of all income tax returns were processed within 60 days, demonstrating CBDT’s commitment to faster and more efficient taxpayer service, it said. (IANS)

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Ankur Kalita