8.75 lakh Hindu Undivided Families file ITRs
The Finance Ministry has said over 8.75 lakh Hindu Undivided Families (HUFs) have filed Income Tax Returns (ITRs) and claimed deductions worth Rs 3,803 crore during 2022-23.
The Finance Ministry has said over 8.75 lakh Hindu Undivided Families (HUFs) have filed Income Tax Returns (ITRs) and claimed deductions worth Rs 3,803 crore during 2022-23.
Over 13.44 crore unique taxpayers have logged in till 13th October, 2021.
Over 2.99 crore ITR-1 (filed by resident individuals having income less than Rs 50 lakh in a year) were filed till January 10 this year, lower than the 3.11 crore filed till September 10, 2019.
The total number includes over 2.34 crore taxpayers filing ITR-1, over 89.89 lakh filing ITR-4, over 49.72 lakh ITR-3 and over 30.36 lakh filing ITR-2.
These operations have, prima facie, led to the detection of a huge amount of undisclosed income, seizure of unaccounted assets and incriminating evidence and involvement in Benami transactions by these three groups.
The return filing utility after incorporating necessary changes shall be made available by 31st May 2020 to avail benefits for FY 2019-20, CBDT said.
The Central Board of Direct Taxes has extended the deadline in view of some taxpayers facing difficulties in filing their ITR due to various reasons including the extension of due date for issue of Form 16
While the Corporate Income Tax was growing at 17.7 per cent, Personal Income Tax collections were growing at 16 per cent
The CBDT also said the average income of salaried, non-salaried and corporate taxpayers has risen over the last three years.
Patna-based Chartered Accountant Agnesh Kumar Gupta said the extension of 15 days is not enough and the government should have allowed time till October 31.
