₹ 70,000 crore in income tax refunds issued, 99% claims processed: CBDT
Income tax refunds in 45.07 lakh cases have been issued during April-June, 2018, which is 9 lakh more than the refunds issued during the same period last year
New Delhi: Income tax refunds worth over ₹ 70,000 crore have been issued to the taxpayers and almost all refund claims pending as on June-end has been processed, the Central Board of Direct Taxes (CBDT) said on Wednesday. CBDT is the country’s apex direct taxes body. “More than ₹ 70,000 crore of refunds have been issued to the taxpayers as a result of special drive and expeditious processing of returns involving claim of refunds," the tax department said.