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Over 6.63 cr ITRs for FY’21 filed till March 15

by zee business
March 24, 2022
in Finance
Reading Time: 5 mins read
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Over 6.63 crore earnings tax returns (ITRs) have been filed for 2020-21 fiscal as of March 15, a rise of 16.7 lakh over the tax returns filed final yr, the I-T division mentioned on Wednesday.

March 15 was the final date for submitting ITRs for 2020-21 fiscal by corporates and different taxpayers who should file audit experiences. The final date for people was December 31, 2021.

“Greater than 6.63 crore Earnings Tax Returns (ITRs) have been filed for AY 2021-22 on the brand new e-filing portal of the Earnings Tax Division as on fifteenth March, 2022… This displays a rise of over 16.7 lakh ITRs over whole submitting of ITRs for AY 2020-21 until March 15, 2021,” the I-T division mentioned in a press release.

Greater than 5.43 lakh ITRs have been filed on March 15, 2022, in comparison with 4.77 lakh final yr on the due date, whereas over 13.84 lakh ITRs have been filed within the final 5 days (in comparison with 11.87 lakh earlier).

Out of the 6.63 crore ITRs filed for AY 2021-22, 46 per cent are ITR-1 (3.03 crore), 9 per cent are ITR-2 (57.6 lakh), 15 per cent are ITR-3 (1.02 crore), 26 per cent are ITR-4 (1.75 crore), and a couple of per cent are ITR-5 (15.1 lakh), ITR-6 (9.3 lakh) and ITR-7 (2.18 lakh).

ITR Kind 1 (Sahaj) and ITR Kind 4 (Sugam) are less complicated types that cater to numerous small and medium taxpayers.

Sahaj may be filed by a person having earnings of as much as Rs 50 lakh and who receives earnings from wage, one home property/different sources (curiosity, and many others). ITR-4 may be filed by people, HUFs and companies with whole earnings as much as Rs 50 lakh and having earnings from enterprise and career.

ITR-3 is filed by individuals having earnings as income from enterprise/ career, whereas ITR-5, 6 and seven are filed by LLPs, companies and trusts, respectively.

Additional, out of the 6.63 crore ITRs filed for AY 2021-22, greater than 6.01 crore have been verified (75 per cent utilizing Aadhaar OTP).

Out of the verified ITRs, greater than 5.17 crore have been processed and 1.83 crore refunds for AY 2021-22 have been issued until March 15, 2022.

To help taxpayers with a clean expertise on the portal, over 8,500 taxpayer calls and 260 chats have been responded to by the helpdesk solely on March 15, 2022 itself.

Two e mail ids have been created to resolve grievances of taxpayers in an expeditious method associated to importing of ITRs ([email protected]) and Tax Audit Report (TAR) ([email protected]).

On this regard, 16,252 emails have been obtained, of which 16,233 have been resolved by March 15, 2022.

“The Division has been proactively participating with and reaching out to taxpayers and professionals for help by means of its official Twitter deal with on a steady foundation and thru direct webex calls/webinars for higher handholding,” it added.

The final date of submitting belated return, revised return, linking of Aadhaar and PAN and compliance to the e-proceedings for evaluation and many others is March 31, 2022.





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