Income tax

Over 44.3 million tax returns filed until December 25 for 2020-2021


More than 4.43 crore of tax returns (ITR) for fiscal year 2020-21 have been filed, including more than 11.68 lakh returns filed on December 25, the IT department said on Sunday.

This includes over 2.41 ITR-1 crore and 1.09 ITR-4 crore deposited for fiscal year 2020-21 (valuation year 2021-22) through December 25, 2021.

“A total of 4,433,17,697 #ITRs were deposited until 12/25/2021, of which 1,168,027 #ITRs were deposited the same day,” the department tweeted.

The ministry reminded taxpayers to file their returns for the 2020-21 fiscal year by sending text messages and emails.

ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that are aimed at a large number of small and medium taxpayers. Sahaj can be deposited by a person with income of up to Rs 50 lakh and who receives income from salary, home ownership / other sources (interest, etc.).

ITR-4 can be filed by individuals, HUFs and businesses with total income not exceeding Rs 50 lakh and whose income is from business and profession.

The extended deadline for filing RTIs by individuals ends on December 31. The original deadline was July 31, 2021.

For fiscal year 2019-2020, RTI 5.95 crore was deposited until the extended deadline of January 10, 2021.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting-edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor