The income of people may have been affected during the Corona period, but the number of people filing Income Tax Return (ITR) has increased. According to the Finance Ministry, more than 7.38 crore ITRs have been filed in the financial year ended March 31, 2021. In the last financial year i.e. 2019-20, more than 6.78 crore ITRs were filed.
The number of people filing income tax returns in the country is increasing. Talking about the last 5 years, during this period the number of ITR filers has increased by about 32%. In 2016-17, 5.61 crores ITRs were filed while in 2020-21 7.38 crore were filed.
The government had launched a new income tax portal on 7 June. Since then it has been facing many problems. More than a dozen problems still persist. Income tax and TDS returns are not being filed in the country for more than a month. Income tax return for the financial year 2020-21 is to be filed by 30 September. Earlier, July 31 was the last date for this but it has been extended to September 30.
CA Abhay Sharma says that nowadays people have become aware of the benefits of filing ITR. ITR is the proof of your income. If you want to start your own business then filing ITR is very important. Apart from this, when you apply for a visa, you may be asked for an income tax return. Due to many such benefits, people are now filing income tax returns.
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