ITR REFUND PROCESSING ! LUCKY DRAW बंद हो ! INCOME TAX REFUND NOT RECEIVED

Описание: ITR REFUND PROCESSING ! LUCKY DRAW बंद हो ! INCOME TAX REFUND NOT RECEIVED

Summary
The video highlights the significant issues and delays in the Income Tax Return (ITR) processing by the Income Tax Department.

Processing Inconsistency: The speaker criticizes the department for processing returns in a seemingly random "lucky draw" manner, noting that returns filed in June and July are still pending while others from October and November are being processed. This is causing tax payers to lose faith in the system.

Taxpayer Actions & Grievances: Many taxpayers are repeatedly revising their returns and lodging multiple grievances on the income tax portal, but their returns remain unprocessed.

Proposed Solution: The video urges the Income Tax Department to adopt the FIFO (First In, First Out) method for ITR processing. This method would ensure that the oldest filed returns are processed first, which would also encourage taxpayers to file their returns in a timely manner.

Statistics & Call to Action: The video mentions that over 91 lakh returns are pending processing, and the daily processing rate is very low (around 10,000 returns/day). Additionally, over 31 lakh returns are pending verification, and taxpayers are advised to verify their returns quickly. The speaker asks viewers to comment in agreement to push for a proposal in the upcoming budget to address this delay.

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