The Finance Ministry on Friday said the Income Tax Department has issued refunds worth Rs 1.45 lakh crore to about 89 lakh taxpayers so far this fiscal.
This includes personal income tax (PIT) refunds during this period.
“CBDT issues refunds of over Rs 1,45,619 crore to more than 89.29 lakh taxpayers between 1st April 2020, to 8th December 2020,” the Finance Ministry said in a tweet.
The Central Board of Direct Taxes (CBDT) is the apex decision-making body of indirect tax matters, administers personal income tax and corporate tax. Meanwhile, the deadline for filing returns by individual taxpayers for FY 2019-20 has been extended by a month till December 31.
In a statement, CBDT said, “The due date for furnishing of Income Tax Returns for the taxpayers has been extended to December 31, 2020.”
The due date for furnishing of ITR for the taxpayers, who are required to get their accounts audited, has been extended to January 31, 2021, it added.
The CBDT said the deadlines have been extended to ‘provide more time to taxpayers for furnishing of Income Tax Returns’.