India reports a 46.31% jump in tax refunds, issuing Rs 3.08 lakh crore to boost liquidity and trust.

The Indian Finance Ministry reported a 46.31% increase in tax refunds for the 2024-25 financial year, issuing refunds worth Rs 3.08 lakh crore between April 1 and November 27. This significant improvement is attributed to the government's efforts to enhance taxpayer services and adopt technology, such as the TIN 2.0 platform. The increased refunds aim to provide liquidity and foster trust in tax administration, benefiting taxpayers and supporting economic activity.

3 months ago
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