GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1 month
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2 month
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3 month
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4 month
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Detailed explanation-1: -Refund Expired-The refund cheque issued by the Income-tax department is valid for a period of 90 days. If it expires, then you will have to get a refund cheque re-issued in your name.
Detailed explanation-2: -This is because the earlier you file returns, the sooner you get the refund if any. As time passes, there will be more number of returns to be processed for the income tax department. This is how your refund can be delayed. However, there can be other reasons for not receiving the refund as expected.
Detailed explanation-3: -Status post the ITR processing Generally, the credit of refund process takes about 20-45 days from the date of e-verification of the income tax return. However, if the acknowledgement has been sent physically to the CPC, it may take a longer time.