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Last Updated : May 31, 2011 10:07 PM IST | Source: PTI

I-T aims at over Rs 1 lakh crore refunds this fiscal: CBDT

The Income Tax Department today said it aims to disburse refunds of over Rs 1 lakh crore this fiscal, against Rs 73,000 crore given in the previous fiscal.


The Income Tax Department today said it aims to disburse refunds of over Rs 1 lakh crore this fiscal, against Rs 73,000 crore given in the previous fiscal.


"We intend to refund approximately Rs 1 lakh crore this fiscal," the outgoing Chairman of Central Board of Direct Taxes (CBDT) Sudhir Chandra said here while exuding confidence of achieving the direct tax collection target for 2011-12.

"About Rs 30,000 crore has already been disbursed to about 32.5 lakh claimants in the first two months of the fiscal.

First Published on May 31, 2011 10:04 pm