As of July 18th, 2023, the Income Tax Department has received 3 crore income tax returns for Assessment Year (A.Y.) 2023-24. Out of these, 1.50 crore returns filed electronically (e-verified ITRs) have already been processed. The department had expected to receive this number of filings by July 20th, but the target was achieved 7 days ahead of schedule. The due date for filing income tax returns is July 31, 2023.
The department stated that “Grateful to our taxpayers & tax professionals for having helped us reach the milestone of 3 crore Income Tax Returns (ITRs), 7 days early this year, compared to the preceding year!”
By July 18th of this year, more than 3 crore Income Tax Returns (ITRs) have been filed for Assessment Year (AY) 2023-24, surpassing the number of ITRs filed by the same date last year, which was also 3 crore.
Among the 3.06 crore Income Tax Returns (ITRs) filed until July 18, 2023, a significant portion of 2.81 crore ITRs have been e-verified, amounting to over 91% of the total filings. And out of the e-verified, 1.50 crores ITRs have been processed.
Consequently, the department aims to maintain the current momentum and strongly encourages all individuals who have not yet filed their Income Tax Returns (ITRs) for AY 2023-24 to do so promptly to avoid a last-minute rush.
On July 11th 2023, the income tax department informed that over 2 crore ITRs were filed and the goal was achieved 9 days before. Nevertheless, the department has not provided any clarification regarding the processed ITR refunds, which is crucial information for taxpayers to be aware of.
Why you Should File ITR Before the Deadline
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
