CBDT relaxes time limit for processing income tax returns filed electronically

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The Central Board of Direct Taxes provides relief to taxpayers. It extends the deadline for processing certain electronically filed income tax returns. These returns were incorrectly invalidated due to technical issues. Taxpayers who filed returns by March 31, 2024, will benefit. The new deadline for processing is March 31, 2026. This move ensures eligible taxpayers receive refunds with interest.