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

income tax
Income tax returns (ITRs) crossed 58 million on Sunday, the last day for individuals to file returns for financial year 2019-20, with close to 2 million returns filed during the day. As on January 9, 56.4 million returns were filed compared to 56.6 million filed by September 9 in 2019-20, when the due date was August 31. 

In view of the pandemic, the government had extended the deadline for filing returns multiple times in the past. The original deadline for filing ITRs was June 31, 2020, which was extended to November 30 and then to December 31. With several industry representations seeking more time, a 10-day extension was provided until January 10 for ITR filings for individuals and for companies till February 15. “1,797,625 ITRs have been filed up to 6 pm today & 239,013 ITRs filed in the past 1 hour,” it tweeted on Sunday. 




Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

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

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel