Around 4.54 crore income tax returns for fiscal 2019-20 (Assessment Year 2020-21) have been filed till December 29, the I-T department said on Wednesday. In the corresponding period last fiscal, 4.77 crore income tax returns were filed. At the close of deadline for filing ITRs without payment of late fees for fiscal 2018-19 (AY 2019-20), over 5.65 crore returns were filed by taxpayers.
In a tweet on Wednesday, the Income Tax department urged taxpayers to file their ITRs by the due date. ''More than 4.54 crore Income Tax Returns for AY 2020-21 have already been filed till 29th of December, 2020,'' the I-T department said.
The data released by the tax department showed that over 2.52 crore ITR-1 have been filed till December 29, 2020, lower than the 2.77 crore filed till August 29, 2019. Over 1 crore ITR-4 have been filed till December 29 as compared to 99.50 lakh filed till August 29, 2019.
ITR-5 (filed by LLP and Association of Persons) filings till December 29, 2020 jumped to 7.09 lakh from 4.14 lakh filed till August 29, 2019. ITR-6 (filed by businesses) filings skyrocketed to over 3.46 lakh till December 29, 2020 as compared to 21,962 filed till August 29, 2019. ITR-7 (filed by persons having income derived from property held under trust) filings also jumped to over 1.04 lakh till December 29, 2020 as compared to 41,963 till August 29 last year.
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Over 4 crore ITRs has been filed, AY 2020-2021
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