homefinance NewsIndia gets 58.3 million ITRs filed for FY22, tad below FY21 when due date was extended
India gets 58.3 million ITRs filed for FY22, tad below FY21 when due date was extended
By including 6.3 million returns filed on the last day, the total number of ITRs till 10 pm went past 58.3 million for FY21-22. For FY20-21, about 58.9 million ITRs were filed by the extended due date of December 31, 2021.
Even as there were complaints regarding the income tax portal, over 6.7 million returns for FY21-22 were filed till 11 pm on Sunday. It was the last day for filing ITR by salaried individuals as the government did not extend the date.
In the last hour before the deadline, 4.5 lakh returns were filed, the Income Tax department said in a tweet.
By including 6.7 million returns filed on the last day, the total number of ITRs till 11 pm went past 58.3 million for FY21-22.
For FY20-21, about 58.9 million ITRs were filed by the extended due date of December 31, 2021 — only slightly more than those filed for FY21-22 without a filing extension.
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"We have got several suggestions and feedback on this year in terms of timelines, in terms of certain issues and returns, we are already working on that. It is important that we collect more data points from the third party," Revenue Secretary Tarun Bajaj told CNBC-TV18.
He said the government would further simplify income tax returns and AIS statements.
"Next year, we will ensure that we come up with the utilities much in advance and also the return forms should be more simplified," he said. "I will not like to exactly comment on what we plan to do but I can say that we will ensure that the information that is provided to the taxpayer is much more simplified, and he has an ease and there is a prefilling that happens in his returns, which is already happening, we will ensure that it happens even more."
Giving statistics of the ITRs filed on Sunday, the income tax department tweeted: "67,97,067 #ITRs have been filed up to 2300 hours today & 4,50,013 #ITRs filed in the last 1hr. For any assistance, pl connect on orm@cpc.incometax.gov.in or our help desk nos 1800 103 0025 & 1800 419 0025. We will be glad to assist!"
ITR filing went on till midnight on July 31. Anyone who missed filling tax return till Sunday will have to pay a late fee for delayed filing.
Over the past month, the tax department had been nudging the taxpayers to file their ITRs to avoid the levy of the late fee. The department had asked taxpayers to seek assistance by emailing orm@cpc.incometax.gov.in or calling help desk numbers 1800 103 0025 and 1800 419 0025.
A late fee of Rs 5,000 and Rs 1,000 will be charged according to tax laws with an annual income of over Rs 5 lakh and below Rs 5, respectively, if they file their ITR by December 31 of the assessment year.
The late fee will not apply to those taxpayers whose income is below the taxable limit.
People with outstanding unpaid taxes will have to shell out an additional 1 percent interest per month for delayed filing.
First Published: Aug 1, 2022 11:24 AM IST
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