Process of Income Tax Refund Verification

Income TAX

According to a report presented by The Economic Times, around 5.5 crore Income tax refunds were filed in the financial year 2018-19. As per the same source, the number of individuals who filed ITR grew by 62% in 16 years between the fiscal year 2003 to 2019. Consequently, the evident increase in the number of returns shows the awareness amongst Indian residents regarding the essence of return filing. It is vital to file ITR so that one can acquire the applicable tax benefits. And it is as much important to…