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Income Tax Refund Processing Slows as High-Value Claims Face Scrutiny
Search interest in income tax refunds surged nationwide as delays affected lakhs of taxpayers. Government data shows 8.18 crore ITRs filed, 7.87 crore verified, but only 6.95 crore processed so far. The Income Tax Department is scrutinising high-value and red-flagged refund claims, causing temporary holdups, while low-value refunds continue to be released.
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- economy
- india
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Income Tax Refund Processing Slows as High-Value Claims Face Scrutiny
Search interest in income tax refunds surged nationwide as delays affected lakhs of taxpayers. Government data shows 8.18 crore ITRs filed, 7.87 crore verified, but only 6.95 crore processed so far. The Income Tax Department is scrutinising high-value and red-flagged refund claims, causing temporary holdups, while low-value refunds continue to be released.
Tags:
- economy
- india
Explore:High Return Equity Mutual Fund
1 min read
52 words
Income tax refund delays intensified searches nationwide as 6.95 crore returns were processed out of 8.18 crore filed, with high-value claims under investigation and valid refunds expected by December.
Search interest in income tax refunds surged nationwide as delays affected lakhs of taxpayers. Government data shows 8.18 crore ITRs filed, 7.87 crore verified, but only 6.95 crore processed so far. The Income Tax Department is scrutinising high-value and red-flagged refund claims, causing temporary holdups, while low-value refunds continue to be released.
Search interest in income tax refunds surged nationwide as delays affected lakhs of taxpayers. Government data shows 8.18 crore ITRs filed, 7.87 crore verified, but only 6.95 crore processed so far. The Income Tax Department is scrutinising high-value and red-flagged refund claims, causing temporary holdups, while low-value refunds continue to be released.
Tags:
- economy
- india
- economy
- india
- tax
- income tax refunds