Also Read - Record 8.18 Cr ITRs (Income Tax Returns) filed so far in current financial year

A record eight crore 18 lakh Income Tax Returns, ITRs were filed in the current financial year till Sunday. This is nine per cent more than the total ITRs filed in the last fiscal. According to Central Board of Direct Taxes, around 7.5 crore ITRs were filed last year during the same period. Finance Ministry said, to encourage taxpayers to file their ITRs and forms early, over 103 crore outreaches were made through targeted e-mail, SMS and other creative campaigns. The e-filing Helpdesk team h...

Also Read - Average Processing time of Income Tax Returns (ITR) reduced to 10 days

Average processing time of Income Tax Returns (ITR) has reduced to ten days in the Assessment Year 2023-24. Average processing time of ITR was 82 days in the Assessment Year 2019-20, and 16 days in Assessment Year 2022-23.   Income Tax Department said, it is committed to process the ITR in a speedy and efficient manner to the taxpayers. According to the Department, six crore 98 lakh ITRs for Assessment Year 2023-24 were filed, out of which 6 crore 84 lakh ITRs have been verified.   ...

Also Read - CBDT processed 88 percent ITR, refunds over Rs 2.45 Cr issued till Sep. 5

The Income Tax Department has processed refunds of over Rs 2.45 crore for 6.84 crore verified Income tax returns (ITRs), bringing down the average processing time to 10 days for the assessment year 2023-24 “The department’s efforts to provide seamless and expeditious taxpayer services are being continuously strengthened. In line with the same, the average processing time of ITRs (after verification) has been reduced to 10 days for Returns filed for AY 2023-24 compared to 82 days f...

Also Read - Over 4 Cr ITRs filed for FY23 so far, 7% new filers this time - CBDT

More than four crore income tax returns (ITRs) for the 2022-23 financial year have been filed so far and about 7 per cent of these are new or first-time filers, CBDT chairperson Nitin Gupta said on Monday. He said that more than half of these ITRs have been processed leading to 80 lakh refunds till now. The "shortage of manpower at every level was impeding our efforts to give even better results", Gupta said and urged Union Finance Minister Nirmala Sitharaman for a "quick ap...

Also Read - Over one cr Income Tax Returns filed till 26th June, 2023

Over one crore Income Tax Returns have been filed till 26th of this month. This milestone was reached 12 days early this year compared to the corresponding period in the preceding year. Last year, one crore ITRs were filed till 8th of July. The Income Tax Department has reiterated its commitment to enhance taxpayer facilitation and ease of filing. It has urged taxpayers to keep up the momentum and file their ITRs early so as to avoid last minute rush. 

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