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I-T dept issues refunds of over Rs 1,18,324 cr

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New Delhi: Income Tax department has issued refunds of over 1 lakh 18 thousand 324 crore rupees to more than 33 lakh 54 thousand taxpayers in a span of six months starting from 1st April this year.

Finance Ministry  informed that out of the total refunds, 86 thousand 94 crore rupees have been refunded in nearly 1 lakh 78 thousand corporate tax cases while the remaining 32 thousand 230 crore rupees have been issued in over 31 lakh 75 thousand other cases. 

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