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Revenue Secretary Sanjay Malhotra announced a significant milestone for the income tax department at the 165th Income Tax Day celebration on Wednesday. In a remarkable feat of digitisation, the department has processed nearly 4 crore income tax returns (ITRs) for Assessment Year (AY) 2024-25 in just 15 days. Sanjay Malhotra highlighted that, out of the 7.28 crore ITRs filed by July 31, 2024, approximately 4.98 crore have been processed, with intimations sent to taxpayers. Notably, 3.92 crore of
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FAQ :
The Income Tax Department has processed nearly 4 crore Income Tax Returns (ITRs) for Assessment Year 2024-25.
Nearly 4 crore ITRs were processed in just 15 days.
A total of 7.28 crore ITRs were filed by July 31, 2024.
The digitisation effort signifies the department's enhanced efficiency in handling a large volume of returns rapidly and improving taxpayer services.
Direct tax revenues have seen significant growth, surging from Rs 5.59 lakh crore to Rs 20 lakh crore over the past decade.
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