Central Board of Direct Taxes (CBDT) informed on 1 August 2023 that over 6.77 crore Income Tax Returns (ITRs) have been filed for the financial year 2023-24.
- The total number of ITRs filed this year is 16% higher than the previous year, which saw 5 crore 83 lakh filings.
- On the last day of filing, over 64 lakh ITRs were filed, indicating a significant surge in last-minute submissions.
- The Income Tax Department received over 53 lakh ITRs from first-time filers, suggesting an increase in the number of new taxpayers.
- More than 46% of the filed ITRs were submitted using the online ITR utility available on the e-filing portal.
Question: How many Income Tax Returns (ITRs) were filed for the financial year 2023-24?
A) 5.83 crore
B) 6.64 crore
C) 6.77 crore
D) 7.46 crore
Answer: C) 6.77 crore