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Over 5 crore tax return submitted until now for FY21: I-T dept

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Over 5 crore tax return (ITR) for the fiscal year finished March 2021 have actually been submitted until now, the I-T division claimed on Wednesday.

“Greater than 5 crore tax return for AY 2021-22 submitted till 5:45 pm today!” the revenue tax obligation division tweeted.

The division has actually currently prolonged the target date for specific taxpayers to submit tax return, by 5 months till December 31, 2021.

For the fiscal year 2019-20, 5.95 crore ITRs were submitted till the prolonged target date of January 10, 2021.

Taxpayers that have not e-verified their ITRs for the fiscal year 2019-20 can finish the confirmation procedure by February 28, 2022, as the revenue tax obligation division has actually offered a one-time leisure to assessees.

According to legislation, an ITR, submitted online without an electronic trademark, needs to be confirmed online with Aadhaar OTP, or web financial, or code sent out with demat account, pre-validated checking account and also atm machine within 120 days of submitting the return.

Additionally, taxpayers can send out a physical duplicate of the ITR submitted to the centralised handling centre (CPC) workplace in Bengaluru.

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