Income Tax Return Filing Crosses 2 Crore Mark in October: CBDT urges Taxpayers to file FY 2020-21 Returns soon

The Central Board of Direct Taxes (CBDT)has said that more than two crore income tax returns (ITRs) for the financial year 2020-21 have been filed so far.  The performance of the new Income Tax portal has "substantially stabilised".

"All Income Tax Returns have been made available for e-filing. More than 2 crore ITRs for AY 2021-22 have been filed on the portal, of which ITRs 1 & 4 constitute 86%. It is encouraging to note that more than 1.70 crore returns have been e-verified, out of which 1.49 crore are through Aadhaar based OTP. The process of e-verification through Aadhaar OTP and other methods is important for the Department to commence processing of the ITR and to issue refunds, if any", the CBDT statement reads.

The Board has urged the taxpayers to file their Income Tax returns for the financial year 2021, the CBDT has also stated that all the submitted ITRs have been made available for e-filing.

The CBDT informed that over 15.72 lakh Statutory forms have been submitted which include several TDS statements, Form 10A for registration of trusts and institutions, Form 10E for areas of salary, Form 35 pertaining to the filing of Appeal and DTVSV Form 4. Apart from that, more than 21.40 lakh ePANs have also been allotted free of cost followed by the enabling of e-proceedings and faceless proceedings for assessment and seeking adjournments or appointments and filings.

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