 "Over 45 million income tax returns for FY21 filed till December 26")
Over 4.51 crore income tax returns for 2020-21 were filed till December 26, the I-T department said on Monday.
This includes over 2.44 crore ITR-1 and over 1.12 crore ITR-4. ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers.
Sahaj can be filed by an individual having income of up to Rs 50 lakh and who receives income from salary, one house property / other sources (interest etc).
ITR-4 can be filed by individuals, Hindu Undivided Families (HUFs) and firms with total income of up to Rs 50 lakh and having income from business and profession.
The extended deadline for filing ITRs by individual taxpayers is December 31, 2021. The original deadline was July 31, 2021.
"A total of 4,51,95,418 #ITRs have been filed upto 26.12.2021 including 8,77,721 #ITRs having been filed on the day itself," the I-T department tweeted.
For 2019-20 fiscal year, 5.95 crore ITRs were filed till the extended deadline of January 10, 2021.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app