Income Tax Department Refunds Rs 1.18 Lakh Crore To Assessees Since April

New Delhi:

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1,18,324 crore to more than 33.54 lakh taxpayers between April 1 and September 29, the Income Tax Department said on Wednesday. Income tax refunds of Rs 32,230 crore have been issued in 31,75,358 cases, and corporate tax refunds of Rs 86,094 crore in 1,78,540 cases, the taxman said in a statement.

In view of the coronavirus pandemic, the CBDT – which is the top policymaking body of the Income Tax Department – extended the due date for furnishing of belated and revised ITRs for the assessment year 2019-20 (financial year 2018-19).

(Also Read: Last Date For Filing Belated Income Tax Return Extended To November 30)

“On further consideration of genuine difficulties being faced by taxpayers due to the Covid-19 situation, CBDT further extends the due date for furnishing of belated and revised ITRs for Assessment Yr 2019-20 from September 30, 2020, to November 30, 2020. Order u/s 119(2a) issued,” the Central Board of Direct Taxes said in a tweet. 

Now, such belated returns can be filed till November 30, instead of the existing deadline of September 30. 


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