Over 7.28 crore ITRs filed till FY 2023-24 Income Tax Return Filing Deadline

Over 7.28 crore Income Tax Returns (ITRs) were filed till the financial year 2023-24, according to recent data. This reflects a significant increase in taxpayer compliance and the effectiveness of measures to simplify the filing process. The Income Tax Department's initiatives, including extending deadlines and enhancing online platforms, have contributed to this rise. The growing number of ITR filings indicates a broader tax base and improved tax administration in India. These efforts aim to encourage voluntary compliance and streamline tax collection, ultimately contributing to the nation's fiscal health and economic stability.