Record 81.8 mn ITRs filed till Dec 31, rises 9% in current assessment year
The low number of ITRs filed by assessees has been one of the major concerns of the revenue authorities, which is gradually being addressed
Record 81.8 million income tax returns (ITRs) were filed till December 31 for the assessment year 2023-24, up nine per cent over 75.1 million in the corresponding period of 2022-23.
According to the income tax site, 79.9 million returns have been verified and 77.7 million processed during the period.
The low number of ITRs filed by assessees has been one of the major concerns of the revenue authorities, which is gradually being addressed. For instance, 58.7 million returns were filed by income tax assessees during the assessment year 2018-19, which rose to 66.9 million the next year. The Covid-hit 2020-21 year saw a decline to 63.9...