New Delhi, Nov 27 (TIWN) The Central Board of Direct Taxes (CBDT) has issued refunds of nearly Rs 1.37 lakh crore to over 41.25 lakh taxpayers so far in the financial year 2020-21.

"CBDT issues refunds of over Rs 1,36,962 crore to more than 41.25 lakh taxpayers between 1st April, 2020 to 24th November, 2020. Income tax refunds of Rs 36,028 crore have been issued in 39,28,067 cases & corporate tax refunds of Rs 1,00,934 crore have been issued in 1,96,880 cases," it said.  The Finance Ministry had earlier said that in view of the issues arising out of the coronavirus pandemic, emphasis was on release of all refunds in the earliest possible time.