Sunday, April 11, 2021

Income tax returns cross 58 million hours before deadline, shows data


Revenue tax returns (ITRs) crossed 58 million on Sunday, the final day for people to file returns for monetary 12 months 2019-20, with near 2 million returns filed through the day. As on January 9, 56.4 million returns have been filed in comparison with 56.6 million filed by September 9 in 2019-20, when the due date was August 31.


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In view of the pandemic, the federal government had prolonged the deadline for submitting returns a number of occasions previously. The unique deadline for submitting ITRs was June 31, 2020, which was prolonged to November 30 after which to December 31. With a number of trade representations in search of extra time, a 10-day extension was offered till January 10 for ITR filings for people and for corporations until February 15. “1,797,625 ITRs have been filed as much as 6 pm at the moment & 239,013 ITRs filed previously 1 hour,” it tweeted on Sunday.


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