Check the status and immediately act on it With the introduction and streamlining of electronic clearing services (ECS) by the income tax department, taxpayers have started receiving their refunds within the stipulated 90 days. “Many individual taxpayers who opted for refund directly to their bank accounts last year, got money even within a month of filing. Cheques still take time,” says Rajeev Jain, an independent chartered accountant. He says this also includes amounts, as low as ... Rediff.com, 2 months ago
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