News on AIR

September 6, 2023 12:15 PM

Average processing time of Income Tax Returns reduced to 10 days

Average processing time of Income Tax Returns (ITR) has reduced to ten days in the Assessment Year 2023-24. Average processing time of ITR was 82 days in the Assessment Year 2019-20, and 16 days in Assessment Year 2022-23. Income Tax Department said, it is committed to process the ITR in a speedy and efficient manner to the taxpayers. According to the Department, six crore 98 lakh ITRs for Assessment Year 2023-24 were filed, out of which 6 crore 84 lakh ITRs have been verified. ...

August 1, 2023 2:24 PM

More than 6.5 crore Income Tax Returns filed this financial year so far

Income Tax Department has said that more than 6.50 crore Income Tax Returns have been filed so far. It said 36 lakh 91 thousand ITRs have been filed till 6 PM yesterday. The IT Department said that over 1.78 crore successful logins on the e-filing portal were registered yesterday. In a tweet, it extended its gratitude to taxpayers and tax professionals for helping reach the milestone of 6.50 crores. It has urged all those who have not filed ITR for Assessment Year 2023-24, to file their IT...

July 31, 2023 1:48 PM

Income Tax Department achieves new milestone with over six crore Income Tax Returns filed this year so far

The Income Tax (IT) Department has achieved a new milestone with over six crore Income Tax Returns (ITRs) filed this year so far. Around 26 lakh 76 thousand ITRs have been filed till 6.30 pm yesterday. The e-filing portal witnessed more than one crore 30 lakh successful logins till 6.30 pm. The IT department is assisting taxpayers for ITR filing, tax payments, and other related services through calls, live chats, WebEx sessions, and social media 24x7. Today is the last day for filing ITRs for th...