Over 45 million revenue tax returns for FY21 filed until December 26

Over 4.51 crore revenue tax returns for 2020-21 have been filed until December 26, the I-T division stated on Monday.

This contains over 2.44 crore ITR-1 and over 1.12 crore ITR-4. ITR Type 1 (Sahaj) and ITR Type 4 (Sugam) are less complicated varieties that cater to a lot of small and medium taxpayers.

Sahaj may be filed by a person having revenue of as much as Rs 50 lakh and who receives revenue from wage, one home property / different sources (curiosity and so on).

ITR-4 may be filed by people, Hindu Undivided Households (HUFs) and companies with complete revenue of as much as Rs 50 lakh and having revenue from enterprise and career.

The prolonged deadline for submitting ITRs by particular person taxpayers is December 31, 2021. The unique deadline was July 31, 2021.

“A complete of 4,51,95,418 #ITRs have been filed upto 26.12.2021 together with 8,77,721 #ITRs having been filed on the day itself,” the I-T division tweeted.

For 2019-20 fiscal yr, 5.95 crore ITRs have been filed until the prolonged deadline of January 10, 2021.

(Solely the headline and film of this report might have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)

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