Income Tax dept reports 23% growth in refunds till Nov 28
The income-tax department has processed refunds worth Rs 1.46 lakh crore till November 28 this fiscal, a growth of nearly 23% compared with the same period a year ago, tax officials said. This involved 2.1 crore refunds compared with 1.75 crore a year ago. The department also expedited more refunds during this period with 68% of them being issued within 30 days from e-verification of the IT returns.
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