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    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.

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