The Income Tax Department will now process and send refunds in a short time of 7 to 10 days as its latest technology upgrade of electronic and Aadhaar-based Income Tax Return verification has begun on a successful note. The department’s latest initiative to verify an ITR by Aadhaar or other bank database has received positive response from ITR filers. Due to this, the department was able to process and send refunds to bank accounts of eligible taxpayers in less than 15 days time. The department’s Central Processing Centre processed 45.18 lakh returns as on September 7 and issued refunds to 22.14 lakh tax payers relating to assessment year 2015-16.
