Over 5.01 crore Income Tax Returns (ITR) have already been filed till January 4 for the fiscal year 2020-21. The Income Tax Department data shows, the number is still less than the number of ITRs (5.63 crore) filed for FY19, the last date for which was August 31, 2019.
Sharing the latest data on ITRs, the Income Tax Department cleared on Tuesday: 6,03,531 ITRs have been filed up to 20.00 hrs today (Tuesday) and 57,096 ITRs filed in the last 1 hr.
Over 2.70 crore ITR-1 (for individuals) have been filed till January 4, which is lower than 3.09 crore filed till September 4, 2019. Similarly, over 1.04 crore ITR-4 returns have been filed till January 4 as compared to 1.28 crore filed by September 4, 2019.
The Central Board of Direct Taxed (CBDT) has extended the last date for filing income tax return (ITR) for FY 2019-20 to January 10, 2021 in view of the pandemic, from the earlier deadline of December 31, 2020.
Usually the taxpayers are supposed to file ITR by July 31 but an exception was made this year due to the pandemic. This is the third time the tax return filing deadline for FY20 has been extended.