CBDT Urges to File FY21 Returns Quickly, Over 2 Crore ITRs Filed for FY 21

CBDT Urges to File FY21 Returns Quickly

The Central Board of Direct Taxes (CBDT) has informed that more than two crore Income Tax Returns (ITRs) for the Financial Year (FY) 2020-21 have been filed till date.

In a statement CBDT said, “More than two crore ITRs for AY 2021-22 have been filed on the portal, of which ITRs 1 and 4 constitute 86 per cent. It is encouraging to note that more than 1.70 crore returns have been e-verified, out of which 1.49 crore are through Aadhaar based OTP.”

Out of the verified ITRs 1 and 4, over 1.06 crore ITRs have been processed and over 36.22 lakh refunds for the Assessment Year (AY) 2021-22 have been issued. Processing of ITRs 2 and 3 will be taken up shortly, it added.

Further, informing about the new portal the CBDT said, the performance of the portal has substantially stabilised, adding that over 13.44 crore unique taxpayers have logged in till 13th October and about 54.70 lakh taxpayers have availed of ‘forgot password’ facility to obtain their passwords.

“E-proceedings and faceless proceedings have been enabled with complete functionalities. Taxpayers have been able to view over 12.20 lakh notices issued by the department, to which over 6.24 lakh responses have been filed.” Over 1.83 lakh 15CA and 37,870 15CB forms related to foreign remittances have been filed and more than 21.40 lakh e-PANs have been allotted online.

Overall, 4.87 lakh DSCs have been registered. Over 15.72 lakh statutory forms have been submitted, including 9.08 lakh TDS statements, 1.29 lakh Form 10A for registration of trusts/institutions, and 22,075 Vivad se Vishwas Forms till 13th October.

However, the government has already extended the due date for filing ITRs for FY 2020-21 twice. For individual taxpayer, the last date is 31st December.

The income tax department strongly urges all taxpayers to view their Form 26AS through the e-filing portal to verify the accuracy of the TDS and tax payments and avail of pre-filling of ITRs. “All taxpayers who are yet to file their income tax returns for AY 2021-22 are requested to file their returns at the earliest,” the CBDT said.

Source:


Knowledge Update

Over Rs 2500 Crore Income Tax Refund Issued from 4th to 11th October

Leave a Reply

Your email address will not be published. Required fields are marked *