Last year, the deadline for individuals to file ITRs was August 31 and over 5.65 crore ITRs were filed. The number was over 5.12 crore till August 30.
An analysis of the data showed that filing of tax returns by individuals for fiscal 2019-20 has slowed down so far in the current year, while filing by businesses and trusts have increased.
Over 2.61 crore ITR-1 have been filed till December 30, 2020, lower than the 2.91 crore filed till August 30, 2019.
Over 1.05 crore ITR-4 have been filed till December 30 as compared to 1.10 crore filed till August 29, 2019.
Returns in ITR-1 Sahaj can be filed by individuals whose total income does not exceed Rs 50 lakh, while form ITR-4 Sugam is meant for individuals, Hindu Undivided Families (HUFs) and firms (other than LLP) having a total income of up to Rs 50 lakh and having presumptive income from business and profession.
Over 35.64 lakh ITR-2 (filed by people having income from residential property) were filed till December 30. ITR-5 (filed by LLP and Association of Persons) filings till December 30, 2020 stood at 7.52 lakh, while ITR-6 (by businesses) filings were at 3.67 lakh.
ITR-7 (filed by persons having income derived from property held under trust) filers stood at 1.10 lakh till December 30, 2020.
(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.)
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