IT Refund: There is big news for taxpayers. The Income Tax Department (IT DepT) asked Tax Payers to respond to the information sought in relation to the outstanding demands of previous years for rapid disposal of Refund for FY 2022-23.
Some taxpayers wrote on social media about seeking information by the Income Tax Department regarding the demands by pending the previous pending demands, after which the department said on the social media platform X (x), this step is for the good of taxpayers, where Natural Justice They are being given opportunity to suit the principles of.
The Income Tax Department is making every effort to complete the processing of Income Tax Returns (ITRs) and issuance of refunds expeditiously.
👉For the Assessment Year 2023-24, 7.09 crore returns have been filed. Of these, 6.96 crore ITRs have been verified, of which 6.46…
— Income Tax India (@IncomeTaxIndia) September 23, 2023
7.09 crore returns filed
The department said that 7.09 crore returns have been filed for the income earned in FY 2022-23. Of these, 6.96 crore ITR Verifications have been done, and 6.46 crore returns have been processed so far. These include 2.75 crore refund returns.
The Income Tax Department said, however, there are some cases in which the taxpayers are outstanding refund, but the previous demands have not been met.
