INSUBCONTINENT EXCLUSIVE:
Income tax department has processed more than 4.5 crore returns filed for 2020-21New Delhi: Income tax department on Wednesday said that
more than 4.50 crore income tax returns (ITRs) have been processed so far out of the total 6.26 crore ITRs filed for the financial year
assessment year (AY) 2021-22 have been issued.In a tweet, the income tax department also said refunds of over Rs 1.71 lakh crore have been
issued to over 1.97 crore taxpayers so far this fiscal.This includes personal income tax refunds of Rs 63,234 crore and corporate tax
refunds of Rs 1.08 lakh crore.In a statement, the Central Board of Direct Taxes (CBDT) said over 29.8 lakh major tax audit reports (TARs)
have been filed on the e-filing portal of the income tax department as on February 15, 2022
the extended due date of February 15, 2022, 14 per cent of these statutory forms and in the last five days from February 11 to 15, 30 per
cent of these statutory forms were filed.
