Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 785)

2023-09-06 National

785.

What is the average processing time for Income Tax Returns (ITRs) filed for the Assessment Year (AY) 2023-24?

82 days

16 days

8 days

10 days

Answer: Option

Explanation:

The average processing time of Income Tax Returns (ITRs) filed for the Assessment Year (AY) 2023-24 has been reduced to 10 days. This is a significant improvement from the previous average processing time of 82 days for AY 2019-20 and 16 days for AY 2022-23.