I-T returns: Income Tax Department says 5% more returns filed this year

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New Delhi: Income tax returns filed this year have risen by about 5 percent to nearly 6 crore, the I-T Department said.

Over 5.95 crore income tax returns (ITRs) for the fiscal year ended March 31, 2020 (2019-20) were filed by January 10.

The ITR filing deadline for individuals ended on January 10 while for companies it is till February 15.

Tax department said 5.95 crore ITRs for AY2020-21 were filed till January 10 as compared to 5.67 crore ITRs filed for the previous Assessment Year.

The total returns for 2019-20 are 33.35 lakh higher than the previous year.

Filing of tax returns by individuals for 2019-20 has slowed in the current year while filing by businesses and trusts has increased.

Over 2.99 crore ITR-1 were filed till January 10 this year, lower than the 3.11 crore filed till September 10, 2019.

ITR-1 form is filed by resident individuals having income less than Rs 50 lakh in a year.

Over 1.49 crore ITR-4 were filed till January 10, as compared to 1.29 crore filed till September 10, 2019.

Last year, ITR-6 filings till September 10, 2019, were 49,398. ITR-5 filings were 5.89 lakh.

On December 30, government extended the deadline to file ITR for individuals by 10 days to January 10 and for businesses till February 15.