New Delhi: The income tax department reported a record number of over 7.65 crore Income Tax Returns (ITRs) till October 31. October 31 was the due date for filing of ITRs (other than ITR 7), for taxpayers (not having any international or specified domestic transaction), in whose case books of account were required to be audited. This is an all-time high when compared to last year. For 2022-23 assessment year, the number of ITRs filed stood at 6.85 crore.
‘The total number of ITRs for AY 2023-24 filed till 31st October, 2023 is more than 7.65 crore, which is 11.7 per cent higher compared to the total number of ITRs of 6.85 crore for AY 2022-23 filed till November 7, 2022, the due date for filing such ITRs in the preceding year,’ the Central Board of Direct Taxes (CBDT) said in a statement.
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Out of the 7.65 crore ITRs filed for AY 23-24, more than 7.51 crore ITRs have already been verified. Further, out of 7.51 crore verified ITRs, 7.19 crore have already been processed till October 31, 2023, almost 96 per cent of the verified ITRs stand processed.
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