New Delhi: At the moment was the final day to file Earnings Tax Return (ITR) for the earnings earned within the monetary 12 months 2023-24. Folks stored ready for the deadline to be prolonged for ITR submitting. Their wait remained a wait. There was no replace relating to this. Nevertheless, the federal government launched the info associated to how many individuals filed returns until 7 pm on Wednesday.
Greater than seven crore returns have been filed until 7 pm on Wednesday, the final day of submitting Earnings Tax Return (ITR) for the monetary 12 months 2023-24. The Earnings Tax Division gave this info on the social media platform ‘X’. He wrote, ‘Greater than seven crore ITRs have been filed to this point (July 31). Out of those, greater than 50 lakh ITRs have been filed until 7 pm as we speak.’
What number of returns had been filed for the monetary 12 months 2022-23?
The final date for submitting earnings tax returns for taxpayers who don’t wish to get their accounts audited was July 31. The entire variety of ITRs filed for evaluation 12 months 2023-24 (FY 2022-23) until July 31, 2023 was greater than 6.77 crores. Greater than 64.33 lakh ITRs had been filed on July 31, 2023.
What did the Earnings Tax Division say?
The Earnings Tax Division stated that our helpdesk is engaged on a 24×7 foundation to help taxpayers for submitting ITR, tax fee and different associated companies. We’re offering assist via calls, stay chat, Webex classes and ‘X’.
Submitting earnings tax returns on time is a authorized obligation. If somebody doesn’t file their earnings tax return throughout the stipulated time restrict, the Earnings Tax Division can impose a penalty. This penalty is dependent upon a number of elements. These embrace the interval of delay, stage of earnings and historical past of submitting returns in earlier years.