ITR filings jump 7.5% to 7.28 cr; 72% embrace new tax regime
Over 5.27 crore were filed under the new tax regime, while 2.01 crore ITRs were filed under the old tax regime
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ITR frenzy: Taxpayers hit by portal glitches as July 31 deadline approaches
With no extension in sight, both taxpayers and chartered accountants struggle with portal glitches
49% of India's taxpayers yet to file ITR; 29% struggle to meet July 31 deadline: Survey
Taxpayers reported problems such as system glitches, slow response times, and data discrepancies
Average income of taxpayers up from ₹4.4 lakh in FY13 to ₹13 lakh in FY22
The average income is expected to touch ₹50 lakh in 2047, says SBI Research
CBDT notifies ITR forms for assessment year 2023-24
ITR forms have been notified in advance in order to enable filing of returns from the beginning of the ensuing assessment year.
Direct tax collection up 24.2% to ₹8.7 lakh cr till Nov
FinMin says July 31, 2022, marked the highest filing of ITRs in one day at 72.42 lakh, while throughout the month, 5.13 crore returns were filed.
CBDT proposes common ITR form for taxpayers
The proposed draft ITR takes a relook at the return filing system in tandem with international best practices, says CBDT.
Govt extends ITR filing deadline for FY21 to March 15
The Central Board of Direct Taxes (CBDT) had earlier extended the last date for filing ITRs for the assessment year 2021-22 till December 31.
