New update for ITR filers! Big announcement of Income Tax Department at the last minute

Income Tax Return Filing: There is no point in waiting for the extension of the due date for filing Income Tax Return for AY 2023-24. A record number of taxpayers have already filed their returns for the assessment year 2023-24 (FY 2022-23) and the government has also clarified in recent weeks that it will file returns for those taxpayers before the due date i.e. 31st July. Not considering extension whose accounts are closed or not required to be audited.

Income tax return

In such a situation, if you have not filed ITR yet, then you should complete the process as soon as possible to avoid any tax related problems in future. At the same time, crores of people have filed their income tax returns. The total number of returns filed so far shows that taxpayers should not wait for any extension.

Crores of ITR filing

This year, the last date for filing ITR is 31 July. There are still three days left for the date of 31st July to end. Therefore, taxpayers who have not yet filed their returns should file their returns now. Data from the Income Tax e-filing website shows that so far more than 5 crore ITRs have been filed by taxpayers.

We express our gratitude to the taxpayers & tax professionals for helping us reach the milestone of 5 crore Income Tax Returns (ITRs), 3 days early this year, compared to the preceding year!

Over 5 crore ITRs for AY 2023-24 have already been filed till 27th of July this year as…

— Income Tax India (@IncomeTaxIndia) July 28, 2023

Income

Tax Department tweeted, ‘We express our gratitude to taxpayers and tax professionals for helping us reach the target of 5 crore Income Tax Returns (ITR) this year 3 days earlier than last year. ! More than 5 crore ITRs have been filed for AT 2023-24 till 27 July this year as compared to 30 July last year.

Income Tax Return

According to the Income Tax Department, ‘out of 5.03 crore ITRs filed till July 27, 2023, about 4.46 crore ITRs have been e-verified i.e. more than 88% ITRs filed have been e-verified’ ! Out of the e-verified ITRs, over 2.69 crore ITRs have already been processed!’