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In comparison with 2019-20, the number of income tax returns filed for 2022-23 rose by 41.5 per cent for tax filers with income above Rs 1 crore, whereas those in the income bracket of up to Rs 5 lakh registered an increase of just 0.6 per cent.
The last date for filing income tax returns for the financial year 2022-23 was July 31.
According to data from the Income Tax Department, less than 10 per cent of all return files occurred on 31 July, the last date for submitting without penal charges, , it returns, income tax department
14% taxpayers say they will not be able to meet the deadline.70% surveyed said that they have already completed filing their income tax (IT) returns. Taxpayers
Taxpayers need to pre-validate their bank accounts in advance before filing for ITR and to avoid losing money