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The Income Tax Department in India has confirmed that over 7 crore income tax returns (ITRs) were filed by the July 31 deadline for the fiscal year 2023-24. Despite widespread rumors and social media pressure for an extension, the department remained firm on the deadline, emphasizing the potential negative impact of extending the filing period on the overall tax system. The surge in ITR filings, with over 50 lakh filed on the final day, showcases a significant number of taxpayers diligently fulfilling their tax obligations, even amidst technical difficulties encountered by some.
The I-T Department addressed circulating rumors regarding a potential deadline extension, clarifying that the advisory shared on social media was misconstrued and unrelated to ITR filing. This debunking of rumors highlights the importance of reliable information sources and the potential for misinformation to spread on social media platforms. The Department's clear communication about the deadline and its rationale for upholding it underscores the need for transparency and consistent messaging during crucial tax periods.
Technical glitches encountered by some taxpayers while filing their returns contributed to the pressure for an extension. The I-T Department acknowledged these issues, but ultimately maintained the July 31 deadline. This situation emphasizes the importance of robust IT infrastructure and support systems within the tax filing process to ensure a smooth experience for taxpayers. The deadline's enforcement also underscores the Department's commitment to efficient tax collection and processing, despite potential challenges in the implementation process.
Source: ITR filing 2024: Over 7 crore income tax returns filed till 7 PM on deadline day, says IT department