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India's income tax refunds surge 474% over a decade, processing times drop to 17 days, but potential delays loom.
India's tax system has transformed significantly over the past decade, with income tax refunds increasing 474% from Rs 83,008 crore to Rs 4,76,743 crore.
This growth outpaces the 274% rise in tax collections.
The average refund processing time has dropped from 93 days to 17 days, thanks to digital advancements like online filing and automated refunds.
However, the current year may see delays due to stricter scrutiny and late release of tax filing utilities.
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Los reembolsos de impuestos a la renta de la India aumentan un 474% en una década, los tiempos de procesamiento disminuyen a 17 días, pero se avecinan posibles retrasos.