These refunds would get credited directly to the taxpayer bank account in 5-7 business days from issuance, CBDT said The Income Tax Department on Wednesday said that has issued over 10.2 lakh refunds totalling to about Rs.
4,250 crore as on 14 April 2020 following a government directive early this month to release all pending income-tax refunds upto ₹5 lakh and GST/Custom refunds with immediate effect to grant relief to taxpayers. "In pursuance of Govt's decision to issue pending income tax refunds upto Rs.5 lakh to help taxpayers in Covid-19 pandemic situation,CBDT has already issued over 10.2 lakh refunds totalling to about Rs.