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