Parul
The government on Monday extended the due date for filing income tax returns by companies by one month till November 30.
Also, the due date for furnishing audit reports by companies who need to get their accounts audited has been extended by one month till October 31.
“The due date of furnishing of Return of Income in Form ITR-7 for Assessment Year 2023-24, which is 31.10.2023 is extended to 30.11.2023, the finance ministry said in a statement.
In terms of ITRs filed by income tax payers, India broke all previous records in FY 23-24. As of 1 August, a total of 6.77 crore income tax returns for the fiscal year 2023-24 have been filed, including 53.67 lakh first-time filers.
“Out of the 6.77 crore ITRs filed for AY 2023-24, 49.18 per cent of ITRs are ITR-1 (3.33 crore), 11.97 per cent are ITR-2 (81.12 lakh), 11.13 per cent are ITR-3 (75.40 lakh), 26.77 per cent are ITR-4 (1.81 crore) and 0.94 per cent are ITR-5 to 7 (6.40 lakh). Over 46 per cent of these ITRs have been filed using the online ITR utility available on the e-filing portal and the balance have been filed using offline ITR utilities,” states Income Tax department in a statement earlier.
