Just 3 Days Left: Tax Refund At Jet Speed!

Only three days are left for those who want to file IT returns for Income Tax. Today, July 29th is Saturday and the deadline for this will end on Sunday and Monday. As the deadline to file the returns for last year, the payers have to pay the penalty if there is any delay. So there is a need to file the IT returns quickly. There is good news here. Many people apply for a refund of tax for the advance payment they made.

It is said that compared to earlier, the taxpayers are getting a different experience. Due to the reforms in tax filing, ITR filing and refund processing has speed up. It is said that compared to last year, processing the ITRs filing within one day increased 100 percent.

A taxpayer's tweet saying that he got a refund in just 12 hours of filing the ITR became viral. A journalist named Nirnay Kapoor tweeted his experience. He shared the screenshot of the ITR filing and tax refund deposit message. He said that he did not see such a rapid process in tax refunds. It is said that the journalist filed the IT returns on July 27th Morning and the tax refund was deposited by evening.

Earlier it used to take at least one week to get the refund after filing the ITR. But there is a jet-speed response in refunds due to the refunds that were done internally. Everyone has to remember that there is a chance of escaping the fine threat by filing the ITR for the 2023-24 assessment year.