2 years, 4 months ago
An income tax refund is not free money
Live MintA total of 58.3 million income tax returns have been filed in assessment year 2022-23 up to 31 July. In fact, a press release put out by the ministry of finance on 1 August pointed out: “The e-filing portal…set… benchmarks on 31st July, 2022 including - highest per second rate of ITR filing: 570, highest per minute rate of ITR filing: 9,573, and the highest per hour rate of ITR filing: 5,17,030, between 5 PM to 6 PM.” These records tell us several things. Similarly, from the end of the financial year in March to end July, there is more than enough time to file the income tax return. This also stems from the fact that in many cases people have very little understanding of how the income tax system works in their specific cases.
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History of this topic
1 year, 1 month ago
Individuals, firms find wait for tax refunds is shorter: Survey
Live Mint
1 year, 9 months ago
How to do your taxes in 2023 (and get your refund fast)
CBS News
2 years, 4 months ago
Haven't Received Income Tax Refund Yet? Step-by-Step Process to Track ITR Refund Status Online
News 18
2 years, 9 months ago
Income tax alert: Taxpayers must complete this process now
India TodayDiscover Related
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