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TMI BlogAs a relief to MSMEs, I-T refunds worth 5,204 Crore issued in last 10 days: CBDTX X X X Extracts X X X X X X X X Extracts X X X X ..... As a relief to MSMEs, I-T refunds worth 5,204 Crore issued in last 10 days: CBDT X X X X Extracts X X X X X X X X Extracts X X X X ..... funds to nearly 8.2 lakh small businesses (proprietors, firms, corporate and trusts) worth ₹ 5,204 Crore have been issued since 8th April 2020. These income tax refunds would help MSMEs to carry ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on their business activities without pay cuts and layoffs in Covid-19 pandemic situations. The CBDT said that since the Government's decision vide Press Note dated 8th April 2020, I-T department has ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... till date issued nearly 14 lakh refunds up to ₹ 5 lakh each in order to help taxpayers in COVID-19 pandemic situation. Keeping its focus on providing relief to the small businesses in MSME sect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or, CBDT will further issue refunds of ₹ 7,760 Crore earliest possible. The CBDT reiterated its request that in around 1.74 lakh cases, responses are awaited from taxpayers regarding reconcilia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion with their outstanding tax demand for which a reminder email has been sent asking them to respond within 7 days so that the refund can be processed earliest. It may be noted that these responses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... can be provided online through the taxpayer e-filing account on: www.incometaxindiaefiling.gov.in X X X X Extracts X X X X X X X X Extracts X X X X
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