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income tax: Income tax dept processed 1.5 crore ITRS of total 3 crore filed

More than three crore income tax returns (ITRs) have been filed for the 2022-23 fiscal year as of July 18, 2023, with 91% processed electronically, according to India s income tax department. More than 1.5 crore of the e-verified ITRs have been processed, the department revealed via Twitter. The milestone was reached seven days earlier than the previous year. ....

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HOW TO FILE INCOME TAX RETURN USING ITR FORM-1 (SAHAJ): STEP-BY-STEP GUIDE

The Income Tax department gives a choice of seven forms when a person is filing their tax returns at the end of a financial year. One of the simpler ones is ITR-1 (Sahaj), which is applicable for a large number of small and medium taxpayers. Sahaj is required to be filled by people who have an income up to Rs 50 lakh and who receive income from salary, one house property/other sources such as interest etc. Learn about the requirements and process of filing an ITR in this Business Today Visual Story. ....

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