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Amid COVID-19, I-T Dept refunds Rs 98.6K Cr to 26 lakh taxpayers
Updated On: 03 September, 2020 11:48 AM IST | New Delhi | IANS
Refunds of this magnitude and numbers have been issued completely electronically and have been directly deposited into the bank accounts of the taxpayers, it said.
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This image has been used for representational purpose
In pursuance of the exercise to meet liquidity needs of taxpayers during the Covid-19 pandemic, the Income Tax Department said it has fast-tracked its tax refund process and processed 26.2 lakh cases amounting to more than Rs 98,625 crore upto September 1.
The Income Tax Department has worked at breakneck speed to process the refund claims. It issued tax refunds at a speed of 76 cases per minute between April and June and continued the momentum well into September.
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