New Delhi: Over 90 lakh updated Income Tax Returns have been filed over the last four years. This has fetched Rs 9,118 crore to the exchequer. The government in 2022 had introduced the option for taxpayers to file updated I-T returns (ITR-U) up to 2 years from the relevant assessment year by paying additional income-tax.
In the current assessment year (2024-25) till February 28, 4.64 lakh updated ITRs have been filed and taxes of Rs 431.20 crore paid. In AY 2023-24, over 29.79 lakh ITR-Us were filed and Rs 2,947 crore additional taxes paid.
In AY 2022-23 and AY 2021-22, 40.07 lakh and 17.24 lakh updated ITRs were filed and additional Rs 3,940 crore and Rs 1,799.76 crore taxes were paid. Cumulatively, between AY 2021-22 to AY 2024-25, over 91.76 lakh ITR-Us were filed which fetched additional taxes of Rs 9,118 crore to the government.
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