New Delhi, September 05, 2023: The Income Tax Department has said as on today 6.98 crore ITRs for AY 2023-24 were filed, out of which 6.84 crore ITRs have already been verified.
More than 6 crore ITRs of AY 2023-24 have been processed out of the verified ITRs as on today, resulting in processing of over 88 per cent of the verified ITRs, Finance Ministry sources said.
More than 2.45 crore refunds for AY 2023-24 have already been issued, they added.
The Department’s efforts to provide seamless and expeditious taxpayer services are being continuously strengthened. In line with the same, 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 for AY 2022-23, the sources said.
It is pertinent to state that the Department is not able to process the following categories of ITRs for want of certain information/action on the part of taxpayers:
There are about 14 lakh ITRs for AY 2023-24 which have been filed but are yet to be verified by the taxpayers as on 04.09.2023. Failure to verify the Returns causes delays in processing as the Return can only be taken up for processing once the verification has been completed by the taxpayer. Taxpayers are urged to complete the verification process immediately.
There are about 12 lakh verified ITRs in which further information has been sought by the Department, for which requisite communication has been sent to the taxpayers through their registered e-filing accounts. Taxpayers are requested to respond to such communication expeditiously.
There are several cases in which the ITRs have been processed and refunds have also been determined but the Department is unable to issue them as taxpayers have not yet validated their bank account in which the refund is to be credited. Taxpayers are requested to validate their bank accounts through the e-filing portal.
The Department remains committed to speedy processing and expeditious issue of refunds and solicits the cooperation of the taxpayers.
More Stories
95 per cent of India’s total trade through sea transport: President Murmu
Maritime trade has been playing an important role in the trade and economic development of India, President Droupadi Murmu said here today.
South East Asia’s first Night Sky Sanctuary in Ladakh soon
South East Asia’s first Night Sky Sanctuary would soon be set up in Ladakh, Union Minister Dr Jitendra Singh said today.
Proactive preparedness against respiratory illnesses after China outbreak
Government of India has decides to proactively review preparedness measures against respiratory illnesses in view of emerging public health situation in China.
Body of AIIMS staff fishes out from Teli Bandha
Raipur police today fished out a female body from the Teli Bandha pond and sent that for post mortem to ascertain the cause of death.
Modi takes sortie on IAF fighter jet Tejas
Prime Minister Narendra Modi today successfully completed a sortie on Indian Air Force multirole fighter jet Tejas and said the experience was incredibly enriching.
India and UK conduct Defence Consultative Group meeting
India and United Kingdom today discussed bilateral issues relating to security, defence cooperation and a host of other issues.