The Central Board of Direct Taxes (CBDT) on Wednesday said that it has issued over 10.2 lakh tax refunds totalling to around Rs 4,250 crore till April 14. The amount is over and above the 2.5 crore refunds that have already been issued FY 19-20 till March 31 that totalled to Rs 1.84 lakh crore. Through a press release issued by the Ministry of Finance, the CBDT said that about 1.75 lakh more refunds are in the process of issuance this week. The body further urged taxpayers to respond to the emails at the earliest so that refunds could be processed and issued at the earliest. In all such cases, a quick response from the taxpayer would enable the I-T Department to process their refunds expeditiously, it added.

Source: dna April 15, 2020 14:48 UTC