Tuesday, July 20, 2021

Finance Ministry Says Over 7.38 Lakh Income Tax Returns Filed in 2020-21

 - Finance Ministry in written reply in Lok Sabha listed out measures taken to make Income Tax Return ITR  filing process simple

- Over 7.38 lakhs ITRs were filed during 2020-21 fiscal year till March 31, 2021 - In 2019-20 the over 6.74 lakh ITRs were filed

- Minister said prefilling of Returns, promoting e-verification of IT Returns, providing online access to tax payers on Tax deducted at source TDS were some of the measures taken to simplify filing

- Amendments in Form 26AS has enabled Tax Payers to look into tax payments, special financial transactions and other information

- For the current year ITR through MS Excel, Java App has been replaced with JSON common offline utility

For more updates one can read Times Now, ET Now, Business Standard, Business Line and other news media

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