Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 392)

2023-08-02 Economy

392.

How many Income Tax Returns (ITRs) were filed for Assessment Year (AY) 2023-24 till 31st July 2023?

6.40 crore

6.77 crore

7.12 crore

5.83 crore

Answer: Option

Explanation:

A new record of over 6.77 crore ITRs were filed for AY 2023-24 till 31st July 2023, showing a 16.1% Year-on-Year growth. By 31st July 2023, over 61% of the e-verified ITRs for AY 2023-24 were processed, ensuring timely processing and issuance of refunds.