Over 66.3 million earnings tax returns filed for FY 2011 until March 15

The IT division on Wednesday stated over 6.63 crore earnings tax returns (ITRs) have been filed for the monetary 12 months 2020-21 until March 15, which is 16.7 lakh greater than the tax returns filed final 12 months.

March 15 was the final date for submitting ITR for the monetary 12 months 2020-21 by corporates and different taxpayers who should file audit experiences. The final date for people was December 31, 2021.

“As on March 15, 2022, over 6.63 crore Revenue Tax Returns (ITRs) had been filed for the 12 months 2021-22 on the brand new e-filing portal of the Revenue Tax Division… This reveals a rise of over 16.7 lakh ITRs in complete. Submitting of ITR for AY 2020-21 by March 15, 2021,” the IT division stated in an announcement.

Greater than 5.43 lakh ITRs had been filed as on March 15, 2022 as in comparison with 4.77 lakh ITRs filed on the due date final 12 months, whereas over 13.84 lakh ITRs had been filed within the final 5 days (as in comparison with 11.87 lakh earlier) .

Of the 6.63 crore ITRs filed for AY 2021-22, 46 per cent are ITR-1 (3.03 crores), 9 per cent ITR-2 (57.6 lakhs), 15 per cent ITR-3 (1.02 crores), 26 per cent. ITR-4 (1.75 crore) and a pair of% are ITR-5 (15.1 lakh), ITR-6 (9.3 lakh) and ITR-7 (2.18 lakh).

ITR Type 1 (Sahaj) and ITR Type 4 (Sugam) are less complicated varieties that cater to numerous small and medium taxpayers.

Sahaj might be filed by an individual having earnings as much as Rs 50 lakh and who attracts earnings from wage, a home property/ different sources (curiosity, and many others.). ITR-4 might be filed by people, HUFs and companies with complete earnings as much as Rs 50 lakh and earnings from enterprise and occupation.

ITR-3 is filed by individuals having earnings within the type of revenue from enterprise/occupation, whereas ITR-5, 6 and seven are filed by LLPs, companies and trusts respectively.

Additional, out of 6.63 crore ITRs filed for the 12 months 2021-22, over 6.01 crore have been verified (75 per cent utilizing Aadhaar OTP).

Out of the verified ITRs, over 5.17 crore have been processed and 1.83 crore refunds have been issued for AY 2021-22 until March 15, 2022.

With the intention to help taxpayers with a seamless expertise on the portal, the helpdesk responded to over 8,500 taxpayer calls and 260 chats on March 15, 2022 alone.

Two e mail IDs created for fast redressal of taxpayers’ grievances associated to importing of ITR (itr.helpdesk@incometax.gov.in) and Tax Audit Report (TAR) (tar.helpdesk@incometax.gov.in) Have been.

16,252 emails had been obtained on this regard, out of which 16,233 had been resolved by March 15, 2022.

It added, “The division is constantly partaking and reaching out to taxpayers and professionals for help by their official Twitter deal with and in addition by direct webex calls/webinars for higher handholding.”

The final date for submitting of delayed returns, submitting of amended returns, linking of Aadhaar and PAN and compliance of e-procedures for evaluation and many others. is March 31, 2022.

(Solely the title and picture of this report could have been reworked by Enterprise Customary workers; the remainder of the content material is generated routinely from a syndicated feed.)

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