Income tax refund: Govt plans to reduce refund processing time
Income tax department plans to reduce tax refund processing time to 10 days from the current 16 days
Source: livemint.com
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Income tax department plans to reduce tax refund processing time to 10 days from the current 16 days
The ITR refund is normally issued within 7 to 120 days of the day the return was filed.
The duration for the process of the Income Tax Return refund depends on various factors, including the processing time of the tax authorities, accuracy of the information provided, and the mode of refund chosen.
ITR refund status: Phishing scam targets income tax refund messages; refunds take 10 days to 2 weeks after ITR processing