Home Income tax Individual Income Tax Approx 80 million Income Tax Return filed till Dec 2; MoS Finance notified Parliament

Approx 80 million Income Tax Return filed till Dec 2; MoS Finance notified Parliament

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Approx 80 million Income Tax Return filed till Dec 2; MoS Finance notified Parliament

Approx 80 million Earnings Tax Return filed until Dec 2; MoS Finance notified Parliament

Parliament was knowledgeable on Monday that 7.76 crore tax returns for revenue earned in 2022-23 had been filed as of December 2, with a larger chance of being filed by the top of the month.

Within the monetary 12 months 2022-23, 10.09 crore PAN holders paid taxes on revenue earned in 2021-22.

For a similar interval, 7.76 crore returns have been filed as of December 2, 2023, and extra returns are predicted to be filed till the deadline, i.e. December 31, 2023, Pankaj Chaudhary (Minister of State for Finance) mentioned in a written reply to the Lok Sabha.

The due date for submitting revenue tax returns (ITRs) for 2022-23 revenue was July 31, 2023. Assessees who intend to file their returns after the due date should accomplish that by December 31 or incur a penalty.

Through the interval of 2022-23, the overall quantity of internet direct tax assortment is Rs 16.63 lakh crore, of which revenue tax assortment is Rs 8.08 lakh crore.

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