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The Income Tax Department has sought additional information from around 12 lakh taxpayers. Informing about this, the Central Board of Direct Taxes (CBDT) said that in case of some Income Tax Returns (ITR), the department is not able to process them due to non-provision of some information or non-taking of necessary steps. taxpayers. According to the CBDT, over 6.98 crore income tax returns have been filed in the financial year 2022-23, of which over six crore have been processed.
Total file for FY 2022-23 ITR Of these, 14 lakh returns are yet to be verified by taxpayers. About 14 lakh returns not yet verified, CBDT said non-verification of returns causes delay in the process. He also requested the taxpayers to complete the verification process immediately. Also, some ITR depositors have not yet verified their bank accounts. CBDT said it could not even send valid refunds due to non-verification of bank accounts. CBDT requested taxpayers to verify their bank accounts through e-filing portal for refund.
How many people got refund?
The Income Tax department has issued refunds to over 2.45 crore return filers. After submission of income tax return, it needs to be verified. Only then does the Income Tax Department process the returns and settle the refund claims. ITR The process took an average of 82 days in assessment year 2019-20 and 16 days in assessment year 2022-23. This time has been reduced to 10 days for assessment year 2023-24.