I-T return filings touch 5.8cr

A last-day rush which saw 72.4 lakh income tax returns being filed on Sunday resulted in overall filings for FY22 reaching 5.83 crore, with the government hoping to match last year’s level of 5.89 crore.

Unlike last year, when the deadline for filing returns for those who need audit certificates was the same, this year’s number does not include the entire ITR 5, 6, and 7 data. An official said so far only around half the ITR 5,6 and 7 filings have been made, against 11 lakh or so last year.

Several taxpayers seemed to have waited till the last day to file returns, resulting in several records being broken, including 570 being filed within a second, 9,573 within a minute and almost 5.2 lakh in an hour — all between 4.30 and 7.45 PM on Sunday. Close to 60% of the returns were filed during the last three weeks, the finance ministry said.

“A large number of taxpayers did their due diligence by comparing data of their income by viewing their Annual Information Statement and Taxpayer Information Summary. A high rate of usage of AIS/TIS data was reflected by the fact that more than 5.03 crore taxpayers viewed/downloaded their AIS,” the press release said.

Besides, this year a large portion of the data for ITR-1 was already prefilled with salary, interest and dividend income making compliance easier for taxpayers. Over 2.9 crore or more than half the returns filed till Sunday evening were ITR-1. “The department urges taxpayers, who missed the due date, to complete their filing immediately,” the CBDT said.

No comments: