More than three crore taxpayers have filed their earnings tax returns until December 3, 2021

More than three crore taxpayers have filed their earnings tax returns (ITR) for the evaluation yr 2021-22 on the brand new e-filing portal of the earnings tax division as on December 3, 2021.

In truth, the variety of ITRs filed per day is over 4 lakh and rising on a regular basis because the final date for submitting returns, i.e. December 31, 2021 is approaching.

According to official sources, ITR submitting went as much as 3.03 crore for the evaluation yr 2021-22 with 58.98 per cent of those are ITR1 (1.78 crore), 8 per cent is ITR2 (24.42 lakh), 8.7 per cent is ITR3 (26.58 lakh), whereas 23.12 per cent of those are ITR4 (70.07 lakh), ITR5 (2.14 lakh), ITR6 (0.91 lakh) and ITR7 (0.15 lakh) mixed.

More than 50 per cent of those returns have been filed with the assistance of on-line ITR kind on the e-filing portal, official sources added.

The strategy of e-verification by Aadhaar one time password (OTP) and different strategies is necessary for the earnings tax division to start processing of the ITR and to subject refunds, if any. It is encouraging to notice that 2.69 crore returns have been e-verified, out of which greater than 2.28 crore are by Aadhaar based mostly OTP, a press release issued by the finance ministry stated.

In November, 48 per cent of the verified ITRs 1, 2 and 4 had been processed on the identical day. Of the verified ITRs, greater than 2.11 crore ITRs have been processed and over 82.80 lakh refunds for AY 2021-22 have been issued.

The division has urged these taxpayers who’re but to file their returns, to take action on the earliest to keep away from final minute rush.

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