New NABARD Grade A 2024 Results out!! Register here for a free live workshop on Feb 26, 2025 at 5 PM. Only on Zoom.

    Question

    With respect to the Direct Tax Proposal under Union

    Budget 2023-24, consider the following statement: I. 45% of the returns on tax payers' portal were processed within 48 hours. II. Average processing period reduced from 93 to 16 days in 8 years. III. Processed more than 6.5 crore returns this year. Which of the above statements is/are not correct?
    A I and II only Correct Answer Incorrect Answer
    B II and III only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I, II and III Correct Answer Incorrect Answer
    E I only Correct Answer Incorrect Answer

    Solution

    45% of the returns on tax payers' portal were processed within 24 hours.

    Practice Next