ITR filing: 196 returns filed per second on last date

CBDT

The number of returns submitted on the last date of ITR filing has made a new record, with about 196 returns being filed per second, the Central Board of Direct Taxes (CBDT) said.

The CBDT said in a statement that, “There has been a sharp increase in filing returns closer to and on the due date because of pre-filled forms and other steps taken by the tax department, leading to 56.5 million returns filed so far for the assessment year 2019-20.

Filing of tax returns surged 41 percent on the last date to 4.9 million filings in the assessment year 2019-20 from the previous year as the department offered pre-filled forms as well as guidance to taxpayers through social media, CBDT said.

Since 27 August, e-filing of returns has risen 32-63 percent compared to the corresponding days a year ago, CBDT said. In the last five days, the tax department saw 14.7 million e-filings, a 42 percent rise from the year earlier.

The number of returns filed this year, is only 4 percent higher than that of 54 million filed a year ago.

The numbers can still go up, with individuals filing their ITR with fine levied on them.

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