ITR up 3 per cent to 66.3 crore till March 15

On March 15, which was the due date for filing ITRs by companies and other taxpayers who were required to file tax audit reports, around 543,000 ITRs were filed, as against 477,000 ITRs filed on the due date last year. Over 1.38 million ITRs were filed in the last five days as compared to 1.18 million in the year-ago period.

The Income Tax Department on Wednesday said around 66.3 million Income Tax Returns (ITRs) were e-filed till March 15 for assessment year 2021-22, which is about 3% more than a year ago.

On March 15, which was the due date for filing ITRs by companies and other taxpayers who were required to file tax audit reports, around 543,000 ITRs were filed, as against 477,000 ITRs filed on the due date last year. Over 1.38 million ITRs were filed in the last five days as compared to 1.18 million in the year-ago period.

Of the 66.3 million ITRs filed for AY 2021-22, 46% are ITR-1 (30.3mn), 9% ITR-2 (5.76 million), 15% ITR-3 (10.2 million), 26% ITR. -4 (17.5 million), 2% are ITR-5 (1.51 million), ITR-6 (930,000) and ITR-7 (218,000).

The Income Tax (IT) department also issued refunds of over Rs 1,92,119 crore to over 2.24 crore taxpayers from April 1, 2021 to March 15, 2022. Income tax refund of Rs 70,373 crore has been issued in 2,21. 62,611 cases and Rs 1,21,746 crore corporate tax refunds have been issued in 2,32,997 cases. The Central Board of Direct Taxes said in a statement that these refunds include 18.3 million refunds for the year 2021-22, amounting to Rs 37,961.19 crore.

In addition, out of 66.3 million ITRs filed for the year 2021-22, more than 6.01 crore ITRs have been verified (75% using Aadhaar OTP). Out of the verified ITRs, more than 51.7 million ITRs have been processed.

Two email IDs were created to expeditiously resolve taxpayers’ complaints regarding uploading of ITR: ([email protected]) and Tax Audit Report (TAR) ([email protected]) ).

In this regard, 16,252 emails were received, out of which 16,233 were resolved till March 15, 2022. In addition to the above, the department is also actively engaging with and contacting taxpayers and professionals for assistance through its official Twitter handle. Direct Webex Calls/Webinars for better handholding.

Recently, Finance Minister Nirmala Sitharaman had asked the CBDT to reach out to taxpayers regularly and address their grievances in a time bound manner.