The federal government on Friday dominated out extending the deadline for submitting of ITRs, saying there have been no issues confronted by taxpayers in submitting returns as the full variety of returns filed up to now is 14 per cent larger than final yr’s.
Because the ITR submitting deadline attracts to a detailed, over 5.62 crore returns have been filed until 3 pm, 14 per cent larger than whole 4.93 crore filed until December 31 final yr.
Income Secretary Tarun Bajaj mentioned ITR submitting is occurring “very easily” and until 3 pm, 5.62 crore returns have already been filed in whole.
“Immediately folks have filed greater than 20 lakh return which is the very best and within the final one hour, 3.44 lakh returns have been filed. So if returns are being filed in such numbers, I see no purpose for anyone to say (deadline extension)”, Bajaj advised reporters.
He mentioned as on December 30 final yr, 4.83 crore tax returns have been filed, in comparison with 5.43 crore filed until December 30, 2021.
The federal government has already prolonged the deadline for submitting revenue tax returns for 2020-21 fiscal yr (ended March 2021) by 5 months until December 31.
“I anticipate one other a minimum of 20-25 lakh returns to come back by 12 within the night time… The figures that we have been anticipating would have come… There’s completely no proposal to increase the dates,” Bajaj mentioned.
To a question on the glitches on the I-T portal impacting submitting, he mentioned “I am okay (with extension) if the returns have been much less by 1 crore. However the returns filed is greater than final yr’s… I am watching the figures each hour… ITR filings are going as much as 3 lakh (per hour) “.
(Solely the headline and movie of this report might have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)