x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Water Security For All | After terror attacks, Himachal stops bus service, seals border with J&K | Important to draw lessons from war: CDS | Another gunfight in Doda; 2 soldiers injured | Operation is in progress: DIG Shridhar Patil | Security forces fire at suspects in Rajouri | Skills, not degree will shape destiny of our industries: LG Sinha | Post-Covid, world came to know India has roadmap for peace, happiness: Bhagwat | Infiltration bid foiled in Kupwara, 2 terrorists killed | Former Gen Secy of JKHCBA arrested | KU announces summer break from July 25 | Another batch of pilgrims leaves for Amarnath Shrine | Awareness campaign cum rally organised against drug abuse, illicit trafficking | One month Skill Development Training for Youth organized in Reasi | SC attains full strength as 2 Judges take oath; top Court gets first Judge from Manipur | Tree plantation program organized with Northern Railway Promoted Officers Association | Misri travels to Bhutan on Friday in first trip abroad as foreign secretary | Puri Jagannath Temple's Ratna Bhandar reopened for shifting of treasure | Sensex breaches 81,000 mark, Nifty scales 24,800 peak on IT, FMCG gains | Stand with BJP for development, prosperity; Kavinder rallies support for party | DGP other senior officers interact with probationary IPS officers at PHQ | SSP Jammu holds meeting with retired police personnel at DPL | Puja Khedkar's mother in police custody till July 20; attempt to murder charge added to FIR | Indian crew member of oil tanker that capsized off Oman coast dies: Officials | Growth momentum quickens in Q2, food inflation a concern: RBI Bulletin | Restrictive statutory provisions in law do not prevent courts from granting bail to accused: SC | LG releases Dr Suheel Rasool Mir's 'Cultural Encyclopedia of Dard Tribe 2nd edition of 'The North Kashmir Gazette' | 4 Chinese pistols, 50 Pak-manufactured bullets recovered in Punjab | Missing youth found dead in Awantipora, investigation takenup: Police | Scientists discover new plant species in Arunachal Pradesh | Chairperson FADA calls on Transport Commissioner | Bhartiya Kala Sangam, Jammu holds felicitation, Dogri Music program | Birth anniversary of Jagadguru Bhagawaan Gopinathji celebrated with fervor | All-party meet in Jammu on July 20 | Directorate of SGWF attends CSR workshop organized by HCL foundation in Dehradun | Police, workers clash during Congress protest in city against terrorism | LIC ties up with IDFC First Bank Ltd for bancassurance | Reasi police tightens noose on bovine smugglers | SIPSians visit IIT Jammu | GDC organises plantation drive in collaboration with SBI | Awareness Programme on Beti Bachao Beti Padhao held | DPS organized day's workshop with theme of AI Teachers | Even with restrictive rules, swimsuit wars heat up in Olympic year | GGM Science College organized Voter Awareness Camp | Quintal becomes 1st Indian rider to compete at World Superbike Championships | Bawa, Anahat to spearhead India's challenge in World Junior squash team events | I am going all-out to win gold in Paris: PV Sindhu | From exhaustion to exuberance: swimmer Srihari Nataraj eyes semifinals in Paris Olympics | Back Issues  
 
news details
CBDT says over 6 Crore ITR filings processed for assessment year 2023-24
9/5/2023 10:02:33 PM
agencies
NEW DELHI, Sept 45: As many as 6.98 crore tax returns have been filed for income earned in 2022-23 fiscal and out of them, more than 6 crore filings have been processed, the Central Board of Direct Taxes (CBDT) said on Tuesday.
The CBDT - the apex decision making body in matters of income and corporate taxes - said the department is not able to process certain Income Tax Returns (ITRs) for want of certain information/action on the part of taxpayers.
Of the total ITRs filed, about 14 lakh are yet to be verified by taxpayers while the department has sought further information from another 12 lakh taxpayers, for which requisite communication has been sent through their e-filing accounts.
Besides, certain ITR filers are yet to validate their bank accounts.
"As on September 5, 6.98 crore ITRs for Assessment Year 2023-24 have been filed, of which 6.84 crore have been verified. Of these, more than 6 crore ITRs, or 88 per cent of the total verified ITRs, have been processed," the CBDT said in a statement.
Refunds have been issued for more than 2.45 crore filers for AY 2023-24.
The average processing time of ITRs after verification has been reduced to 10 days for returns filed for AY 2023-24 compared to 82 days for AY 2019-20 and 16 days for AY 2022-23.
"The Income Tax Department is committed to processing the ITRs in a speedy and efficient manner," the CBDT said.
With regard to 14 lakh ITRs, which are yet to be verified, the CBDT said failure to verify the returns causes delays. A tax return filed can only be taken up for processing once the verification has been completed by the taxpayer.
"Taxpayers are urged to complete the verification process immediately," it said.
The CBDT has sought a speedy response from the 12 lakh taxpayers from whom additional information has been sought.
"There are several cases in which the ITRs have been processed and refunds have also been determined but the department is unable to issue them as taxpayers have not yet validated their bank account in which the refund is to be credited.
"Taxpayers are requested to validate their bank accounts through the e-filing portal," the CBDT added.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU