2.14 Crore TaxPayers Received Rs1.87 Lakh Crore I-T Refund
Moneylife Digital Team 10 March 2022
The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs1,86,677 crore to more than 2.14 crore taxpayers from 1 April 2021 till 7 March 2022. 
 
In a statement, the Income Tax (I-T) department says, "Income tax refunds of Rs67,442 crore have been issued in 2.12 crore cases and corporate tax refunds of Rs1.19 lakh crore have been issued in 2.32 lakh cases. This includes 1.74 crore refunds of the assessment year (AY)2021-22 amounting to Rs35,296.86 crore." 
 
 
On 16 February 2022, the I-T department has said that more than 5.41 crore income tax returns (ITRs) filed have been verified out of 6.26 crore ITRs filed for AY2021-22. 
 
Out of 6.2 crore ITRs filed for AY2021-22, 48% of these are ITR-1 (2.97 crore), 9% is ITR-2 (56 lakh), 13% is ITR-3 (83 lakh), 27% are ITR-4 (1.66 crore), ITR-5 (11.3 lakh), ITR-6 (5.2 lakh) and ITR-7 (1.41 lakh).
 
Further, more than 29.8 lakh major tax audit reports (TARs) have been filed on the e-filing portal of the I-T department as of 15 February 2022. The department says that over 4.14 lakh major TARs or forms have been filed on the last day. 
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