FA, 2020 amendment increasing...
[The Income Tax Department said that the Central Board of Direct Taxes (CBDT) issues refunds of over Rs. 1,40,210 crore to more than 59.68 lakh #taxpayers between first April,2020 to 01st December,2020. Income tax refunds of Rs. 38,105 crore have been issued in 57,68,926 cases & corporate tax refunds of Rs. 1,02,105 crore have been issued in 1,99,165 cases.
The Finance Ministry had last month extended the deadline for filing returns by individual taxpayers for Financial Year 2019-20 till December 31.
The CBDT had earlier issued a notification on June 24, 2020, extending the due date for all Income Tax Returns for the FY 2019-20 to November 30, 2020
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