Over 146 cr IT returns filed so far 908 lakh taxpayers file

first_imgNew Delhi: Over 1.46 crore income tax returns have been filed so far, of which 90.8 lakh have been filed by individuals with total income up to Rs 50 lakh. As per data compiled by the revenue department, a total of over 7.94 lakh tax returns were alone filed on July 16, of which over 5.26 lakh was ITR-1 or Sahaj. ITR-1 can be filed by resident individuals having a total income of up to Rs 50 lakh, from salaries, one house property, other sources (interest), and agricultural income up to Rs 5,000; excluding those who are directors or have invested in unlisted companies. Also Read – Maruti cuts production for 8th straight month in SepFurther, over 9.68 lakh ITR-2 meant for individuals and ‘Hindu Undivided Families (HUFs)’ not having income from profits and gains of business or profession, and 14.94 lakh ITR-3 for individuals and HUFs having income from profits and gains of business or profession, have been filed till July 16. Officials said the higher return filing is on account of convenience, mainly due to pre-filled return forms which have been made available from this year. The pre-filled columns can also be edited by the taxpayers. Over 24,000 companies have filed ITR-6 so far this fiscal.last_img read more