Expeditor’s Refund Issue by CDBT!
Did we all hear it right?
Refunds issued to almost 39% of the returns processed
- No of Return Processed : 4.19 crores
- No of people who received refunds this year : 1.62 crores
- Amount of Refunds Issued : Rs.1.42 Lakh Crores, which is 41.5% higher than last year.
92% return filed processed by CPC, Bengaluru within 60 Days
Of all the refunds issued, 92% are below Rs.50,000.
Only 2% of the refunds below Rs.50000 is remaining to be issued . The reason being either recent filing of the returns or pending verification from the tax -payer.