Govt to pay Rs 48,069 crore in I-T refunds

Written by PTI | New Delhi | Updated: Aug 6 2014, 06:36am hrs
Government has to pay as much as Rs 48,069 crore as income-tax returns for 2012-13 and 2013-14, Parliament was informed on Tuesday.

As per the data available on July 7, 2014, the amount of refund claims pending to be processed or issued to the tax payers in respect of returns filed during FY 2012-13 and 2013-14 is R48,069 crore, Minister of State for Finance Nirmala Sitharaman said in a written reply in Rajya Sabha.