Income Tax refunds worth Rs 80,000 crore issued until September 27

The Income tax department has issued over Rs 80,000 crore in refunds taxpayers during the current financial year, the Central Board of Direct Taxes (CBDT) has said.

The amount includes tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 cases, CBDT said.

“CBDT issues refunds of over Rs 80,086 crore to more than 49.16 lakh taxpayers from 1st April, 2021 to 27th September, 2021. This includes 20.92 lakh refunds of AY (assessment year) 2021-22 amounting to Rs 1611.45 crore,” it said.

Portal glitches

The much-touted new had a bumpy start from the day of its launch on June 7 as it continued to face tech glitches.

Infosys in 2019 was awarded a contract to develop the next-generation income tax filing system to reduce processing time for returns from 63 days to one day and expedite refunds.

Even after two weeks of the meeting and over a month of the portal launch, users still continue to encounter multiple problems like unable to file I-T returns for past years, download intimation notice u/s 143(1) for AY 2019-20 and earlier years, and Form- 3 under ‘Vivad se Vishwas Scheme’ is not visible on the portal.