NEW DELHI: Over 4.84 crore income tax returns (ITRs) for fiscal year 2019-20 have been filed till December 31, 2020, the Profits Tax Department acknowledged on Friday.
The authorities has extended the ITR filing closing date for folks till January 10, and for corporations till February 15.
“Over 4.84 crore Profits Tax Returns for AY 2020-21 have already been filed till 31st of December, 2020,” the Profits Tax Department tweeted.
The closing date for folks to file ITRs for 2018-19 modified into once August 31, 2019 and over 5.61 crore ITRs had been filed.
An prognosis of the guidelines confirkredittlån that filing of tax returns by participants for 2019-20 has slowed in the present year, while filing by companies and trusts have increased.
Over 2.65 crore ITR-1 have been filed till December 31, 2020, lower than the 3.09 crore filed till August 31, 2019.
Over 1.08 crore ITR-4 have been filed till December 31 as when put next kredittlån 1.28 crore filed till August 31, 2019.
Returns in ITR-1 Sahaj are filed by participants whose total income does no longer exceed Rs 50 lakh, while originate ITR-4 Sugam is supposed for folks, Hindu Undivided Households (HUFs) and companies (rather than Restricted Prison responsibility Partnership ) having a total income of up to Rs 50 lakh and having presumptive income from substitute and profession.
Over 36.58 lakh ITR-2 (filed by participants having income from residential property) had been filed till December 31. ITR-5 (filed by LLP and Affiliation of Persons) filings stood at 7.84 lakh, while ITR-6 (by companies) filings had been at 3.82 lakh.
ITR-7 (filed by persons having income derived from property held beneath believe) filings stood at 1.15 lakh till December 31, 2020.
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