Under CM YS Jagan Mohan Reddy's administration, Andhra Pradesh state has added yet another feather to its hat. The state emerged as the national leader by adding the highest number of new tax filers, totalling 18 lakhs, from the assessment year 2020 to AY 2023. This is as per a recent report by the State Bank of India titled "Deciphering Emerging Trends in ITR Filing: The
The income tax department on Monday stated that a record 6.77 crore income tax returns for the assessment year (AY)2023-24 were filed till July 31. The figure also included 53.67 lakh first-time filers."The total number of ITRs for AY 2023-24 filed till 31st July 2023 are more than 6.77 crore, which is 16.1 per cent more than the total ITRs for AY 2022-23 (5.83 crore) filed till 31st July 2022," the tax department said in a statement.
A record 6.77 crore income-tax returns were filed till July 31 for the assessment year 2023-24, 16.1% higher than the returns filed for the assessment year 2022-23, according to the Central Board of Direct Taxes.