Stay updated with the latest news and articles about ITR.
"Social media efforts as well as focused e-mail and SMS campaigns were launched to entice taxpayers to file their ITRs ahead of schedule. When compared to the same period the year before, taxpayers filed their ITRs for AY 2023–24 significantly sooner as a consequence of these coordinated efforts, the government said in a release.
In the new, IT portal 1.5 income tax returns were filed and 3 crores taxpayers completed the transaction as stated by Infosys.
The income tax department has notified declaration forms to be filed by senior residents aged 75 years and above with the banks to get exemption from submitting I-T returns for the fiscal year 2021-22. Such exemption from ITR submitting could be to be had simplest in the case in which the interest income is earned in the same bank in which pension is deposited.
The assessment year (AY) for income earned in the financial year (AY) 2020-21 is 2021-22.
The Income Tax Department released a circular stating that it has issued Income Tax Return (ITR) for all the taxpayers.