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7.41 CRORE ITRS FILED FOR AY 2023-24, INCLUDING 53 LAKH FIRST-TIME FILERS
The Business Guardian
|October 29, 2023
The Income Tax Department's focus on various measures to ensure ease in compliance of taxpayers and transparent tax administration is reaping a rich dividend for the Government in terms of showcasing India's robust and efficient tax administration amidst increasing global interest in India's institutional transparency.
The Department's Time Series Data of Direct Taxes and Income Tax Return statistics, in various tranches, from time to time shows a significant upswing in returns filed by individual taxpayers from 3.36 crore in assessment year (AY) 2013-14 to 6.37 crore in AY 2021-22 registering an overall increase of 90 per cent. During the current fiscal too, 7.41 crore returns have been filed for AY 2023-24 till date, including 53 lakh new first time filers, a sign of the widening of tax base.
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