Central Board of Direct Taxes reported that the Income tax refunds to over eight lakh small businesses worth over five thousand 204 crore rupees have been issued in the last ten days.
Daily Current Affairs Quiz 2020
Key-Points
Income tax refunds will help MSME to carry on their business activities without pay cuts and layoffs in COVID-19 pandemic situations.
Income tax department issued nearly 14 lakh refunds up to five lakh each to date to help taxpayers. CBDT will issue refunds worth of Rs.760 crore.
CBDT gave its request to taxpayers to respond regarding reconciliation queries about outstanding tax demands. Around one lakh 74 thousand cases, responses are awaited from taxpayers.
