Income Tax Department big announcement: The Income Tax Department on Friday said that more than 5 crore ITRs have been filed so far for income earned in the financial year 2022-23, of which 88 percent have been verified electronically. The IT department tweeted, ‘Out of 5.03 crore ITRs filed till 27th July, 2023, around 4.46 crore ITRs have been e-verified, ie more than 88% ITRs have been e-verified!’
More than 5 crore ITRs have been filed for AY 2023-24 till 27th July this year as compared to 30th July last year.
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
The last date for filing ITR for various categories of taxpayers is July 31. The government has taken several steps, such as expansion of the scope of TDS/TCS, pre-filing of ITR, updated returns, which have helped in connecting the taxpayers.
Finance Minister Nirmala Sitharaman said, ‘Taxpayers are sent e-mail and SMS reminders to file their ITRs and pay their due taxes.’ He said that the tax department is also running a publicity campaign to raise awareness about filing tax returns.
Will the time to file ITR increase?
Earlier this month, Revenue Secretary Sanjay Malhotra had asked income taxpayers to file their returns at the earliest as he informed that the Finance Ministry is not considering extending the July 31 deadline.
In an interview to PTI, he said, “We expect the filing to be more than last year…we expect it should be more than last year.” Explain that last year around 5.83 crore income tax returns were filed till July 31, which was the last day for filing returns for assessment year 2022-23.
