New Delhi: The pace of Coronavirus Pandemic in India has now slowed down. However, the possibility of a third wave (COVID 3rd Wave) is being feared. Many industries and businesses have closed due to Kovid. A large number of people have also lost their jobs. Actually, during the Corona period, the economic front has suffered the most. Kovid may have had a direct impact on the income of the general public, but the number of people filing income tax returns has increased rapidly this year as well.
According to the information received by the Ministry of Finance, more than 7 crore 38 lakh ITRs have been filed in the financial year ended 31 March 2021. The same number was more than 6.70 crore last year. There has been an increase in the number of people filing income tax returns in India. In the last five years, the number of ITR filers has increased by about 32 per cent.
Significantly, 5.61 crore IT returns were filed in the year 2016-17. But in 2020-21, the same number reached 7.38 crore. Whereas 6.92 crore in the year 2017-18, 6.74 crore in 18-19, 6.70 crore people in the year 2019-20 have filed IT returns. Earlier, the Center had also launched a new income tax portal on June 7. However, a number of problems continue to emerge in this. By the way, time has been given till 30 September to file IT returns for the year 2020-21.