Most of the individuals and firms find it convenient to claim income tax refunds and face shorter waiting periods for receiving the same, showed a private survey of over 3,500 respondents.
More than half the respondents in the survey conducted by industry body Confederation of Indian Industry (CII) in October were individuals and the rest were firms, enterprises and organizations. The survey results presented to finance minister Nirmala Sitharaman on Wednesday showed that 87% of the individual respondents and 89% of the firms felt claiming income tax refund was convenient.
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