As per a statement by the Income Tax Department Average income tax return processing time reduc...........

Current GK (Punjab Government Exams ) Indian Economy

As per a statement by the Income Tax Department Average income tax return processing time reduced to ______________days in assessment year 2023-24

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Explanation:

The average processing time for Income Tax Returns (ITRs) has significantly improved over the years . In the Assessment Year 2023-24, it now takes only ten days on average to process an ITR. This is a remarkable improvement compared to the 82-day processing time in the Assessment Year 2019-20 and the 16-day processing time in the Assessment Year 2022-23.