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of <h1>Electronic Furnishing of Return of Income Scheme, 2007: Priority Processing and Direct Refunds for e-Returns via RBI Clearing.</h1> The Electronic Furnishing of Return of Income Scheme, 2007 mandates that electronic returns (e-Returns) be processed on a priority basis. If a refund is due to the taxpayer, it will be credited directly to their bank account via the Reserve Bank of India's Electronic Clearing Services or sent directly to the taxpayer by the assessing officer.
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