Over five crore income tax returns (ITR) for the financial year ended March 2021 have been filed so far, the I-T department said on Wednesday. "More than five crore income tax returns for AY 2021-22 filed till 5:45 pm today!" the income tax department tweeted.
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The department has already extended the deadline for individual taxpayers to file income tax returns, by five months till December 31, 2021. For the financial year 2019-20, 5.95 crore ITRs were filed till the extended deadline of January 10, 2021.
Taxpayers who have not e-verified their ITRs for the financial year 2019-20 can complete the verification process by February 28, 2022, as the income tax department has given a one-time relaxation to assessees.
According to law, an ITR, filed electronically without a digital signature, has to be verified electronically through Aadhaar OTP, or net banking, or code sent through demat account, pre-validated bank account and ATM within 120 days of filing the return.
Alternatively, taxpayers can send a physical copy of the ITR filed to the centralised processing centre (CPC) office in Bengaluru.
(Edited by : Jomy Jos Pullokaran)
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