Income Tax Returns
Over 4.67 crore Income Tax Returns filed till Dec 27, 15.49 lakh ITRs on Dec 27 alone
New Delhi/IBNS: Over 4.67 crore Income Tax Returns have been filed, including 15.49 lakh ITRs were filed on December 27 alone, the Income Tax Department said Tuesday.
The last date for filing Income Tax return ITRs for the 2020-21 fiscal ended March 31, 2021, is December 31, 2021, extended from the initial July 31, 2021.
"A total of 4,67,45,249 #ITRs have been filed up to 27.12.2021 including 15,49,831 #ITRs filed on the day itself," the department tweeted giving details of ITRs filed for Assessment Year 2021-22 (2020-21 fiscal year).
This includes over 2.50 crore ITR-1 and over 1.17 crore ITR-4.
ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms.
They are meant for small and medium taxpayers and a large number of them use these forms to file their tax returns.
Sahaj can be filed by an individual having income up to Rs 50 lakh and who receives income from salary, one house property/other sources (interest etc).
ITR-4 or Sugam can be filed by individuals, HUFs and firms with total income up to Rs 50 lakh and having income from business and profession.
A total of 5.95 crores ITRs were filed for the fiscal year 2019-2020 till the extended deadline of January 10, 2021.
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