CBDT extends due date for filing form 10A/10AB up to June 30
The extension was made considering the representations received by CBDT requesting for further extension of due date, and with a view to avoid genuine hardships to taxpayers.
The income tax department on Wednesday said that refunds of over Rs 1.06 lakh crore have so far been issued to more than 30 lakh taxpayers between April 1 to September 15.
“CBDT issues refunds of over Rs 1,06,470 crore to more than 30.92 lakh taxpayers between 1st April, 2020 to 15th September, 2020. CBDT issues refunds of over Rs 1,06,470 crore to more than 30.92 lakh taxpayers between 1st April, 2020 to 15th September, 2020,” the Central Board of Direct Taxes (CBDT) said in a tweet.
This includes personal income tax (PIT) refunds amounting to Rs 31,741 crore issued to 29.17 lakh taxpayers and corporate tax refunds worth Rs 74,729 crore to over 1.74 lakh taxpayers.
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It is worth mentioning that the finance ministry had earlier said that keeping in mind the ongoing economic crisis led by the pandemic-induced lockdown, emphasis was laid on providing tax-related services to taxpayers without any hassles and has been clearing up pending tax refunds
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