Articles

The Apex Body of the Income Tax department viz. the CBDT in its very recent Press Release dated 5.9.2023, has highlighted the commitment of the Income Tax Department to process the Income Tax Returns (ITRs) in a speedy and efficient manner and has informed that as of now more than 6 crore ITRs of AY 2023-24 have been processed resulting in processing of over 88% of the verified ITRs. The Press Release has also remarked that more than 2.45 crore refunds for AY 2023-24 have already been issued. The Press Release further stated that in line with the Department’s efforts to provide seamless and expeditious taxpayer services, average processing time of ITRs (after verification) has been reduced to 10 days for returns filed for AY 2023-24 compared to 82 days for AY 2019-20 and 16 days f.