Over 4.23 crore ITRs for fiscal 2019-20 filed until December 27

Over 4.23 crore taxpayers have filed their Income Tax Returns for Assessment Year 2020-21 (fiscal yr 2019-20) until December 27, the Income Tax division stated on Monday.
“More than 4.23 crore Income Tax Returns for AY 2020-21 have already been filed till 27th of December, 2020. Have you filed yours? If not filed as yet, don’t wait. File your #ITR for AY 2020-21 TODAY!,” the Income Tax division tweeted.

More than 4.23 crore Income Tax Returns for AY 2020-21 have already been filed until twenty seventh of December, 2020.Have you filed yours?If not filed as but, don’t wait. File your #ITR for AY 2020-21 TODAY!Visit https://t.co/EGL31K6szN for particulars.#ITR#AajHiFileKaro pic.twitter.com/fbxXDYnZjH
— Income Tax India (@IncomeTaxIndia) December 28, 2020
 
This consists of over 2.38 crore taxpayers submitting ITR-1, over 92.26 lakh submitting ITR-4, over 51.05 lakh ITR-3 and over 31.09 lakh submitting ITR-2.
The deadline to file Income Tax Returns (ITRs) by particular person taxpayers for 2019-20 fiscal (Assessment Year 2020-21) ends on December 31, 2020, whereas the identical for taxpayers whose accounts require to be audited is January 31, 2021.
The due date was prolonged from July 31 and October 31, 2020, respectively in view of the COVID-19 pandemic.
At the shut of the deadline for submitting ITR with out fee of late charges for fiscal 2018-19 (evaluation yr 2019-20), over 5.65 crore returns have been filed by taxpayers. The deadline final yr was prolonged until August 31, 2019.
Giving a comparative evaluation of the ITRs filed, the Income Tax division stated 4.30 crore ITRs have been filed until August 27, 2019, in comparison with over 4.23 crore filed until December 27, 2020.
Returns in ITR-1 Sahaj will be filed by an ordinarily resident particular person whose whole earnings doesn’t exceed Rs 50 lakh, whereas Form ITR-4 Sugam is supposed for resident people, HUFs and corporations (apart from LLP) having a complete earnings of as much as Rs 50 lakh and having presumptive earnings from enterprise and occupation.
While ITR-3 and 6 are filed by companies, ITR-2 is filed by individuals having earnings from residential property; ITR-5 is filed by LLP and Association of Persons (AoPs). ITR-7 is filed by an individual in receipt of earnings derived from property held below belief or different authorized obligation wholly for charitable or spiritual functions or partially just for such functions.