The income-tax (I-T) department has recorded a surge in filing of Income-tax Returns (ITRs), resulting in a new record of 8.18 crore ITRs for the A.Y. 2023-2024
The e-filing portal successfully handled the traffic, providing a seamless experience to the taxpayers and tax professionals for filing the audit reports.
ITR Filing 2023: The Income Tax Department has in a notification recently highlighted that numerous instances in which ITRs have been processed, and refund amounts have been calculated.
Finance Minister Nirmala Sitharaman highlighted the surge of ITR filings in India and added that it highlights the significant formalisation of the country's economy.