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

Aug 06 2014, 01:06 IST
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SummaryGovernment has to pay as much as R48,069 crore as income-tax returns for 2012-13 and 2013-14, Parliament was informed on Tuesday.

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.

ďAs 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,Ē Minister of State for Finance Nirmala Sitharaman said in a written reply in Rajya Sabha.

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