From April 1, 2021 to December 13, 2021, the Central Board of Direct Taxes (CBDT) provided refunds of over Rs. 1,36,779 crore to over 1.27 lakh taxpayers. In 1,25,34,644 cases, income tax refunds totaling Rs 46,438 crore were issued, while corporate tax refunds totaling Rs 90,340 crore were awarded in 2,02,705 cases. Income Tax India stated that this comprises 90.95 lakh refunds of Rs 18, 848.60 crore for the fiscal year 2021-22.
The Income Tax Department has strongly advised all taxpayers to see their Form 26AS and Annual Information Statement (AIS) through the e-filing site http://incometax.gov.in to verify the accuracy of TDS and Tax Payments and to take advantage of ITR pre-filling.