Out of 3.68 crore Income Tax Returns where tax refunds were issued for FY2023-24, tax refunds have not been credited to the taxpayer’s account in case of about 12 lakh ITRs due to various reasons.
Taxpayers across the country are increasingly filing incorrect and incomplete ITR forms, this has resulted in triggering ‘defective return’ notices under Section 139(9) of the Income Tax Act over ...