This discussion addresses the time limit for the Income Tax department to issue refunds after a return is filed. While some users suggest refunds are typically issued within 10 days, this is presented as general information rather than a strict rule. The consensus is to wait for the return to be fully processed by the department before expecting the refund.
09 September 2023
The assessee filed the original Income tax Return as on 10th July 2023 with a claim of refund. Subsequently, the assessee filed the revised return as on 27th July, 2023 with a reduced claim of refund.
The portal is showing the return as "Return processing", the date being 10 August, 2023.
1. What is the time limit within which IT department must issue the refund?