A staggering 87% of the individual respondents and 89% of firms revealed that the process of claiming income tax refund as convenient in a recent survey conducted by CII to assess speed and efficiency of income tax refunds. The survey was conducted in October 2023 among 3531 respondents out of which 56.4% were individual respondents and 43.6% were firms/enterprise/organizations level respondents. The survey was conducted at pan India level, wherein the maximum participation steered from the major states. The CII Income Tax Refund Survey report was presented to the Hon?ble Finance Minister of India, Smt. Nirmala Sitharaman, yesterday. Commenting on the survey results, Mr R Dinesh, President, CII said that ?The extensive measures which have been introduced by the government in the recent years to streamline, simplify and automate the taxation regime have borne rich dividends as is evident from the upbeat survey results on assessing speed and efficiency of income tax refunds conducted by CII?.
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