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CBDT Refunds Five Thousand 204 crore Rupees to MSMEs

Published on April 19, 2020
Current Context: Central Board of Direct Taxes has announced that income-tax refunds are obtained over eight lakh small businesses worth over five thousand 204 crore rupees issued in the last ten days.
CBDT Refunds Five Thousand 204 crore Rupees to MSMEs
  • The organization has assured that these refunds will be a helping vase for MSMEs to carry out their business activities without any pay cuts and layoffs during the lockdown situation amidst COVID-19.
  • The organization has announced that it will be issuing refunds worth of Rs.760 crore, which will provide relief to small scales in the MSME sector.

Static Part: 

  • HQ of CBDT: New Delhi
  • Chairman of CBDT: Pramod Chandra Mody
  • Minister of MSMEs: Nitin Gadkari


Q.1 Recently CBDT announced to refund _____ Rs to help MSMEs in the lockdown situation of COVID-19? 
a. five thousand 305 crore
b. three thousand 104 crore
c. five thousand 204 crore
d. four thousand 204 crore
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