I-T refunds of Rs 1.50 lakh crore issued until Jan 3 this fiscal yr

The Income Tax Department on Wednesday stated it has issued refunds of over Rs 1.50 lakh crore to date this fiscal yr.
This consists of 1.1 crore refunds of Assessment Year 2021-22 amounting to Rs 21,323.55 crore.
“CBDT issues refunds of over Rs 1,50,407 crore to more than 1.48 crore taxpayers from 1st Apr,2021 to 3rd January,2022,” the I-T division tweeted.
Of this, revenue tax refunds of Rs 51,194 crore have been issued in 1.46 crore circumstances and company tax refunds of Rs 99,213 crore have been issued in over 2.19 lakh circumstances.