Income tax Processing

Usually, the income tax department takes minimum one month to process the ITR. However, on the new income tax portal, ITRs are being processed on the same day it is filed and verified. The government has revised the rules related to time limit for issuing intimation notice. This means the IRS has your tax return and is processing it. Your personalized refund date will be available as soon as the IRS finishes processing your return and confirms that your refund has been approved. Most refunds are issued in less than 21 days.