The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 82,229 crores to more than 53.54 lakh taxpayers from April 1, 2021, to October 4, 2021.
- Income tax refunds of Rs 20,510 crores have been issued in 51,88,762 cases
- Corporate tax refunds of Rs 61,719 crore have been issued in 1,65,397 cases
What is CBDT?
The Central Board of Direct Taxes is a part of the Department of Revenue in the Ministry of Finance. It provides inputs for policies as well as planning of direct taxes in India and is responsible for the administration of direct laws through the IT department.
The department has six members and a Chairman – who is also an ex-official Special Secretary to the Government of India. The members belong to the following list of CBDT departments.
- Income Tax
- Legislation and Computerisation
- Personnel & Vigilance
- Audit & Judicial