CBDT : A Record of 8.18 Cr ITR file till 31 Dec 2023

CBDT Update that a record of 8.18 Cr ITR have been file till 31 Dec 2023

Unique landmark for the Income-tax Department!

• The Central Board of Direct Taxes update that A record of 8.18 Cr Income Tax returns have been submitted until 31 Dec 2023 this Financial Year against 7.51 Cr Income Tax returns (I-T) returns filed at the end of Dec 31, 2022. This is 9% more than the total Income Tax returns’ Submitted for FY 2022-23. This milestone has been reached for the first time.
• Annual Information Statement facility was used extensively, resulting in smoother and faster filing of Income Tax filling.
• Taxpayer Identification Number 2.0, a digital e-pay tax payment platform, has enabled real-time credit of taxes to taxpayers which made Income Tax filling filing easier & faster.
• Over 103.5 crore outreaches were made through targeted e-mails, SMS and other creative campaigns to encourage taxpayers to file their Income Tax fillings & Forms early.
• E-filing helpdesk team handled approximately 27.37 lakh queries from income Tax taxpayers upto 31.12.2023.
• Income tax Dept Expresses its gratitude to all taxpayers and tax professionals for their support & timely compliance. Taxpayers are also requested to verify their unverified Income Tax filling, if any, within 30 days.

Income Tax Update :

• Central Board of Direct Taxes extends the deadline for Assessment Year 2018–19 to 2020–21 to January 2024 for processing non-scrutiny Income Tax Return.
• Deadline to file ITR for Financial Year 2022-23 i.e Assessment Year 2023-24, if not already Submitted, is 31st Dec,2023. Please ensure to file income tax return if not already filed along with late filling fee under the income tax law.
• Last to Revise ITR for Assessment Year 2023-24 is also 31st Dec 2023. Non-Submitted or incorrect filing of Income tax return besides levy of interest and penalty can also lead to prosecution.
• Kind Attention Taxpayers! Here’s your last and final call to file your ITR for A.Y. 2023-24 by 31st December, 2023.

ITR last date for FY 2023 24

• Dead Line – July 31, 2024
• The deadline to file your ITR for FY 2023-24 (Assessment Year 2024-25) is July 31, 2024. This applies to the majority of individual taxpayers whose accounts do not need to be audited.

Ravi Agrawal, an IRS officer, appointed as chairman of the CBDT, effective July 1 2024

• Ravi Agrawal, an IRS officer, has been appointed as the new Chairman of the Central Board of Direct Taxes by the Appointments Committee of the Union Cabinet. This appointment takes effect from July 1. The Central Board of Direct Taxes Serves as the administrative body for the Income Tax Department in India.
• Union Cabinet Appointments Committee accepted the appointment of IRS officer Ravi Agrawal as Chairman of the CBDT, the Income Tax Department’s administrative body, effective July 1.

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