India Hits Record Filing of Income Tax Return on FY 2023 – 2024 with 7.85 Crore

India Hits -Record Filing - Income Tax- Return - FY 2023 - 2024 - 7.85 Crore-TAXSCAN

The Income Tax department under the Ministry of Finance in India hit the record filing of Income Tax returns. The department appreciated taxpayers and tax professionals for making efforts in time which resulted in a record number of over 7.85 crore Income Tax Returns (ITRs ) being filed till October 31 2023.

The total number of ITRS for AY 2023-24 filed till 31st October 2023 is more than 7. 65 crore, which is 11.7% higher compared to the total number of ITRS of 6.85 crore for AY 2022-23 filed till 7th November 2022, the due date for filing such ITRS in the preceding year.

Out of the 7.51 crore ITRs which have already been verified, 7.19 crore have already been processed till 31st October 2023 i.e. almost 96% of the verified ITRS stand processed.

The deadline for some crucial statutory forms like Form 10B, 10BB and Form 3CEB was also on 31st October. Various types of statutory forms filed up to 31st October 2023 stand for more than 1.44 crore.

While appreciating the taxpayers and tax professionals, the department stated that  “During the peak filing days the e-filing portal successfully handled the traffic providing a seamless experience to the taxpayers and tax professionals for filing of Forms and ITRS. This was widely appreciated by taxpayers and professionals on various platforms including Social Media. “

The department also appreciated the support from the helpdesk provided to taxpayers through inbound calls, outbound calls, live chats, Webex and co-browsing sessions. The helpdesk team also supported the resolution of queries received on the Twitter handle of the Department through Online Response Management (ORM), by proactively reaching out to the taxpayers/stakeholders and assisting them with different issues on a near real-time basis.

The department mentioned that the 8 webinars related to the filing of Auditable & time barring forms, Filing of ITR-3/5/6, DSC registration, Form 10B/10BB filing, etc were conducted to guide the taxpayers and tax professionals which helped to hit this record.

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