Tax refunds of ₹1 lakh crore issued till Jan 31
Financial Services Secretary Hasmukh Adhia on Monday said that the Income Tax department issued refunds worth ₹1 lakh crore up to January 31 during the ongoing fiscal. Aimed at reducing taxpayer grievances and promoting tax-friendly environment, the Central Board of Direct Taxes had in December asked officers to issue refunds of amounts less than ₹50,000 expeditiously.