Quick Summary
The Central Board of Direct Taxes (CBDT) has reported a significant surge in tax return filings for Assessment Year 2024-25, with over 800,000 returns already submitted since April 1, 2024. As per CBDT data, approximately 829,000 income tax returns have been filed by May 5, with eligible taxpayers seizing the opportunity to beat the last-minute rush. Of these filings, a substantial 750,000 returns have been duly verified by taxpayers, while 510,000 have already undergone processing by the dep
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FAQ :
As of May 5th, approximately 829,000 income tax returns have been filed for Assessment Year 2024-25.
Out of the filed returns, about 750,000 have been verified by taxpayers, and 510,000 have been processed by the department.
Key functionalities for filing income tax returns for Assessment Year 2024-25 were made available on the e-filing portal from April 1, 2024.
Commonly used forms like ITR-1, ITR-2, ITR-4, and ITR-6 for companies are available for filing.
Some taxpayers may be waiting to file their returns closer to the deadline to receive TDS certificates from employers and banks, or if they are subject to audits.
The CBDT aims to encourage timely filing, mitigate last-minute rushes, and alleviate strain on the IT portal, ensuring a smoother tax filing experience.
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