Business

I-T dept issues tax refunds of Rs 1.57 lakh cr till Nov: Secy

The Income Tax Department has issued as much as Rs 1.57 lakh crore of income tax refunds in the first eight-and-a-half-months of the current fiscal compared to Rs 1.23 lakh crore in full 2018-19 fiscal, Revenue Secretary Ajay Bhushan Pandey said Friday.

migrator

Published:13th Dec, 2019 at 4:37 PM

New Delhi

At a press conference called to disclose impact of steps taken to boost consumption in the economy so as to uplift growth from a six-year low, Pandey said tax refund cases have gone up by 17 per cent to 2.16 crore.

In money terms, the income tax refunds have gone up by 27.2 per cent.

Also, Integrated-GST refund of Rs 38,988 crore has been released so far this fiscal as compared to Rs 56,057 crore in full 2018-19 financial year, he said

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

I-T dept issues tax refunds of Rs 1.57 lakh cr till Nov: Secy

The Income Tax Department has issued as much as Rs 1.57 lakh crore of income tax refunds in the first eight-and-a-half-months of the current fiscal compared to Rs 1.23 lakh crore in full 2018-19 fiscal, Revenue Secretary Ajay Bhushan Pandey said Friday.

Also Read

Railways announce schedules for three Amrit Bharat trains linking Tamil Nadu and West Bengal

Government extends export incentives to postal shipments to boost MSME sector

BMC elections results: BJP-led alliance takes early lead

Vijay Sethupathi's film with Puri Jagannadh titled 'Slumdog - 33 Temple Road'

Southern Railway to run one-way special train between Nagercoil and Tambaram on January 18