Record 8.18 cr ITRs Filed for AY 2023-24: Income Tax Dept
By Rediff Money Desk, NEWDELHI Jan 01, 2024 19:27
India's Income Tax Department reports a record 8.18 crore ITRs filed by December 31, 2023 for AY 2023-24, a 9% increase from the previous year. The department attributes the surge to increased digitalization and outreach efforts.
New Delhi, Jan 1 (PTI) A record of 8.18 crore tax returns have been filed until December 31 this fiscal against 7.51 crore I-T returns filed at the end of December 31, 2022, the Central Board of Direct Taxes (CBDT) said on Monday.
This is 9 per cent more than the total Income Tax Returns (ITRs) filed for 2022-23, the CBDT said in a statement.
The total number of audit reports and other forms filed during the period is 1.60 crore, as against 1.43 crore audit reports and forms filed in the corresponding period of the preceding year, it said.
"The Income-Tax Department appreciates taxpayers and tax professionals for making compliances in time, leading to a surge in filing of ITRs, resulting in a new record of 8.18 crore ITRs for the AY 2023-2024 filed up to 31.12.2023 as against 7.51 crore ITRs filed up to 31.12.2022," it said.
It is heartening to note that a large number of taxpayers did their due diligence by comparing data of their financial transactions by viewing their Annual Information Statement (AIS) and Taxpayer Information Summary (TIS), it said.
A substantial portion of the data for all ITRs was prefilled with data pertaining to salary, interest, dividend, personal information, tax payment including TDS-related information, brought forward losses, MAT credit, etc to further ease compliance by taxpayers, it said.
The facility was used extensively, resulting in smoother and faster filing of ITRs, it added.
Further, during this financial year, a digital e-pay tax payment platform - TIN 2.0 was made fully functional on the e-filing portal, replacing the OLTAS payment system, it said.
This enabled user-friendly options for e-payment of taxes such as Internet Banking, NEFT/RTGS, OTC, Debit Card, payment gateway and UPI. TIN 2.0 platform has enabled real time credit of taxes to taxpayers which made ITR filing easier and faster, it said.
To encourage taxpayers to file their ITRs and Forms early, over 103.5 crore outreaches were made through targeted e-mail, SMS and other creative campaigns, it said.
Such concerted efforts led to fruitful results with 9 per cent more ITRs being filed for 2023-24 till December 31, 2023, it said, adding, the e-filing Helpdesk team handled approximately 27.37 lakh queries from taxpayers during the year up to December 31, 2023, supporting the taxpayers proactively during the peak filing periods.
Support from the helpdesk was provided to taxpayers through inbound calls, outbound calls, live chats, WebEx and co-browsing sessions, it added.
This is 9 per cent more than the total Income Tax Returns (ITRs) filed for 2022-23, the CBDT said in a statement.
The total number of audit reports and other forms filed during the period is 1.60 crore, as against 1.43 crore audit reports and forms filed in the corresponding period of the preceding year, it said.
"The Income-Tax Department appreciates taxpayers and tax professionals for making compliances in time, leading to a surge in filing of ITRs, resulting in a new record of 8.18 crore ITRs for the AY 2023-2024 filed up to 31.12.2023 as against 7.51 crore ITRs filed up to 31.12.2022," it said.
It is heartening to note that a large number of taxpayers did their due diligence by comparing data of their financial transactions by viewing their Annual Information Statement (AIS) and Taxpayer Information Summary (TIS), it said.
A substantial portion of the data for all ITRs was prefilled with data pertaining to salary, interest, dividend, personal information, tax payment including TDS-related information, brought forward losses, MAT credit, etc to further ease compliance by taxpayers, it said.
The facility was used extensively, resulting in smoother and faster filing of ITRs, it added.
Further, during this financial year, a digital e-pay tax payment platform - TIN 2.0 was made fully functional on the e-filing portal, replacing the OLTAS payment system, it said.
This enabled user-friendly options for e-payment of taxes such as Internet Banking, NEFT/RTGS, OTC, Debit Card, payment gateway and UPI. TIN 2.0 platform has enabled real time credit of taxes to taxpayers which made ITR filing easier and faster, it said.
To encourage taxpayers to file their ITRs and Forms early, over 103.5 crore outreaches were made through targeted e-mail, SMS and other creative campaigns, it said.
Such concerted efforts led to fruitful results with 9 per cent more ITRs being filed for 2023-24 till December 31, 2023, it said, adding, the e-filing Helpdesk team handled approximately 27.37 lakh queries from taxpayers during the year up to December 31, 2023, supporting the taxpayers proactively during the peak filing periods.
Support from the helpdesk was provided to taxpayers through inbound calls, outbound calls, live chats, WebEx and co-browsing sessions, it added.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Thinkink Picturez
- 1.94 (+ 4.86)
- 69820171
- Rajnish Wellness
- 1.78 (+ 4.09)
- 54627483
- G G Engineering
- 1.80 (+ 1.12)
- 53423097
- GTL Infrastructure
- 2.32 ( 0.00)
- 34510899
- Vodafone Idea L
- 8.10 ( -0.25)
- 34418651
MORE NEWS
Reliance to Invest in Tripura: CM
Tripura CM Manik Saha announces Reliance Industries will explore investment...
Shaktikanta Das: Former RBI Governor Leaves Big...
Shaktikanta Das's departure as RBI Governor leaves a legacy of strong leadership and...
Himachal Seeks Funds for Irrigation, Water...
Himachal Pradesh Deputy CM Mukesh Agnihotri met Union Jal Shakti Minister CR Patil...