The Income Tax Department registered a file variety of submitting of earnings tax returns (ITRs) until October 31, 2023, which was the due date for submitting of ITRs (different than ITR 7) for taxpayers not having any worldwide or specified home transactions, in whose case books of account have been required to be audited.
More than 7.65 crore ITRs have been filed for assessment year 2023-24 until October 31, 2023, which is 11.7 per cent greater as in comparison with the 6.85 crore ITRs filed for assessment year 2022-23 until November 7, 2022, the due date for submitting such ITRs within the previous year.
Further, whole variety of ITRs filed in 2023-24 for all assessment years as much as October 31, 2023 stands at 7.85 crore, an all-time excessive when in comparison with a complete of seven.78 crore ITRs filed in 2022-23.
Out of the 7.65 crore ITRs filed for assessment year 2023-24, extra than 7.51 crore ITRs have already been verified. Further, out of the 7.51 crore verified ITRs, 7.19 crore have already been processed until October 31, 2023 i.e. nearly 96 per cent of the verified ITRs stand processed.
(With inputs from IANS)