IT Department to release all pending income tax refunds up to 5 lakhs immediately ; Around 14 lakh taxpayers to benefit

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..... IT Department to release all pending income tax refunds up to 5 lakhs immediately ; Around 14 lakh taxpayers to benefit
News and Press Release
Dated:- 8-4-2020

IT Department to release a .....

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..... ll pending income tax refunds up to ₹ 5 lakhs immediately ; Around 14 lakh taxpayers to benefit All GST & CUSTOM refunds also to be released ; to provide benefit to around 1 lakh business entit .....

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..... ies including MSMEs ₹ 18,000 crore of total refund granted immediately In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individ .....

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..... uals, it has been decided to issue all the pending income-tax refunds up to ₹ 5 lakh, immediately. This would benefit around 14 lakh taxpayers. It has also been decided to issue all pending GST .....

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..... and Custom refunds which would provide benefit to around 1 lakh business entities, including MSME. Thus, the total refund granted will be approximately ₹ 18,000 crore.
News - Press release .....

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..... - PIB .....

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