Question

With respect to the Direct Tax Proposal under Union Budget 2023-24, consider the following statement:

I. 45% of the returns on tax payers' portal were processed within 48 hours.

II. Average processing period reduced from 93 to 16 days in 8 years.

III. Processed more than 6.5 crore returns this year.

Which of the above statements is/are not correct?

A I and II only Correct Answer Incorrect Answer
B II and III only Correct Answer Incorrect Answer
C III only Correct Answer Incorrect Answer
D I, II and III Correct Answer Incorrect Answer
E I only Correct Answer Incorrect Answer

Solution

45% of the returns on tax payers' portal were processed within 24 hours.

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