Income Tax Return Filing: Last date approaching! ITR filing for FY21 crosses 5 crore

Income Tax Filing latest: More than five crore income tax returns (ITR) for the financial year ended March 2021 have been filed so far, the I-T department said.  

The Income Tax Department has tweeted: More than 5 crore Income Tax Returns for AY 2021-22 filed till 5:45pm today! Hope you have filed yours too! If not, please file your ITR for AY 2021-22 before the extended due date of 31st December, 2021.

The department has already extended the deadline for individual taxpayers to file income tax returns, by five months till December 31, 2021. For the financial year 2019-20, 5.95 crore ITRs were filed till the extended deadline of January 10, 2021.

Amid the last filing date approaching, the CBDT has been doing major changes like allowing one-time relaxation for verification of e-filed Income Tax Return (ITR) for the Assessment Year (AY) of 2020-21.

In respect of an Income-tax Return (ITR), which is filed electronically without a digital signature, the taxpayer is required to verify it using any one of the following modes within the time limit of 120 days from date of uploading the ITR.

Similarly, the income tax department has brought in changes to the existing faceless appeal scheme, easing the process for taxpayers wanting a personal hearing through video conference while appealing against a tax demand by the department.

Sharing the statistics of Income Tax Returns filed till 29.12.2021.
A total of 5,09,58,559 ITRs have been filed upto 29.12.2021 including 23,24,253 ITRs filed for AY 2021-22 on the day itself.
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