New Delhi: The Income Tax Department registered a record number of filing of Income Tax Returns (ITRs) till 31st October, which was the due date for filing of ITRs for taxpayers not having any international or specified domestic transaction, Ministry of Finance said on Wednesday.
As of October 31, 2023, over 76.5 million Income Tax Returns (ITRs) were filed for the Assessment Year 2023-24. This is an increase of 11.7% compared to the 68.5 million ITRs filed by November 7, 2022, for the Assessment Year 2022-23, which was the deadline in the previous year.
Further, the total number of ITRs filed in FY 2023-24 for all assessment years up to 31st October, 2023 stands at 7.85 crore, an all-time high when compared to a total of 7.78 crore ITRs filed in FY 2022-23.
Out of the 7.65 crore ITRs filed for AY 23-24, more than 7.51 crore ITRs have already been verified.
Further, out of the 7.51 crore verified ITRs, 7.19 crore have already been processed till 31st October 2023 i.e., almost 96% of the verified ITRs stand processed.
The last day of October 2023 was also the due date for filing of some crucial statutory forms like Form 10B, 10BB and Form 3CEB. More than 1.44 crore of various types of statutory forms filed up to 31st October, 2023.
