As of July 18, 2023, over 3 crore income tax returns have been filed for the financial year 2022-23. This is a significant increase from the number of returns filed in the same period last year. The last date for filing income tax returns for the financial year 2022-23 is July 31, 2023. Taxpayers who fail to file their returns by the due date will be liable to pay a penalty.
In a tweet today, Income Tax department was quoted saying
Grateful to our taxpayers & tax professionals for having helped us reach the milestone of 3 crore Income Tax Returns (ITRs), 7 days early this year, compared to the preceding year!
Over 3 crore ITRs for AY 2023-24 have already been filed till 18th of July this year as compared to 3 crore ITRs filed till 25th of July last year.
Out of the 3.06 crore ITRs filed till 18th July, 2023, 2.81 crore ITRs have been e-verified i.e. more than 91% ITRs filed have been e-verified!
Out of the e-verified ITRs, more than 1.50 crore ITRs have already been processed!
So, we hope to keep up the momentum and urge all those who haven't filed ITR for AY 2023-24, to file their ITR at the earliest to avoid last minute rush.
CAclubindia
