New record of over 7.28 cr income-tax returns filed: Tax dept
A record 7.28 crore income tax returns were submitted by July 31 for the assessment year 2024-25, exceeding last year’s total. Most filings, 5.27 crore, were under the new tax regime, peaking on the deadline with 69.92 lakh submissions. Additionally, 58.57 lakh returns were from first-time filers, pointing to a broader tax base.
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