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

Question

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

A. 82 days

B. 16 days

C. 8 days

D. 10 days

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.

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Comment

What is Fitch Ratings' growth forecast for India for the fiscal year 2023-24 (FY24)?

A. 5.0%

B. 6.3%

C. 7.8%

D. 8.5%

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

Correct Answer :

Show all Current Affairs September 2023 MCQ

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