Income Tax Department has processed over 4.5 crore returns filed for 2020-21
new Delhi:
The Income Tax Department on Wednesday said that out of the total 6.26 crore ITRs filed for the financial year 2020-21, more than 4.50 crore Income Tax Returns (ITRs) have been processed so far.
In addition, over 5.41 crore ITRs filed have been verified and 1.58 crore refunds worth Rs 31,857 crore have been issued for Assessment Year (AY) 2021-22.
In a tweet, the Income Tax Department also said that refunds worth over Rs 1.71 lakh crore have been issued to over 1.97 crore taxpayers so far in this financial year.
This includes personal income tax refund of Rs 63,234 crore and corporate tax refund of Rs 1.08 lakh crore.
The Central Board of Direct Taxes (CBDT) in a statement said that till February 15, 2022, over 29.8 lakh Major Tax Audit Reports (TARs) have been filed on the e-filing portal of the Income Tax Department. Over 4.14 lakh major TAR forms have been submitted on Tuesday itself.
14 per cent of these statutory forms were filed on the last date i.e. extended due date of February 15, 2022 and 30 per cent of these statutory forms were filed in the last five days from February 11 to 15.
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