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KNOWLEDGE ALERTS INSIGHTS TO UPDATE YOU ON MAJOR REGULATORY AMENDMENTS 07TH FEBRUARY, 2022 TO 11TH FEBRUARY, 2022

Around 6.17 crore Income Tax Returns (ITRs) and about 19 lakh major Tax Audit Reports (TARs) filed on the new e-Filing portal of the Income Tax Department.

Central Board of Direct Taxes announced that out of 6.17 crore ITRs filed for AY 2021-22, 48% of these are ITR-1 (i.e., 2.97 crore), 9% is ITR-2 (i.e.,56 lakh), 13% is ITR-3 (i.e.,81.6 lakh), 27% are ITR-4 (i.e.,1.65 crore), ITR-5 (i.e.,10.9 lakh), ITR-6 (i.e,4.84 lakh) and ITR-7 (i.e.,1.32 lakh). Furthermore, over 1.73 lakh Form 3CA-3CD and 15.62 lakh Form 3CB-3CD have been filed in FY 21-22. More than 1.61 lakh other Tax Audit Reports (Form 10B, 29B, 29C, 3CEB, 10CCB, 10 BB) have been filed till 06.02.2022.

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