Income tax refunds worth over ₹ 70,000 crore have been issued to the taxpayers and almost all refund claims pending as on June-end has been processed, the Central Board of Direct Taxes (CBDT) said on Wednesday. CBDT is the country’s apex direct taxes body. “More than ₹ 70,000 crore of refunds have been issued to the taxpayers as a result of special drive and expeditious processing of returns involving claim of refunds,” the tax department said.

Income tax refunds worth over ₹ 70,000 crore have been issued to the taxpayers and almost all refund claims pending as on June-end has been processed, the Central Board of Direct Taxes (CBDT) said on Wednesday. CBDT is the country’s apex direct taxes body. “More than ₹ 70,000 crore of refunds have been issued to the taxpayers as a result of special drive and expeditious processing of returns involving claim of refunds,” the tax department said.