As per recent data, revenue department said that higher returns have been filed till 16th July due to the convenience provided by pre-filled forms which are available from current financial year (i.e. 2019-2020)
Individual return ITR -1 is required to be filed by resident individuals having a total income of up to Rs. 50 lakh, from salaries, one house property, interest income and agricultural income up to Rs. 5,000; excluding those who are directors or have invested in unlisted companies.
- More than 1.46 crore income tax returns have been filed till. Out of which 90.8 lakh has been filed by individuals with total income up to Rs 50 lakh.
ITR-2 is for individuals and Hindu Undivided Families (HUFs) not having income from profits and gains of business or profession
- More than 9.68 lakh returns in Form ITR-2 have been filed.
ITR-3 is for individuals and Hindu Undivided Families (HUFs) having income from profits and gains of business or profession
- More than 14.94 lakh returns in ITR – 3 have been filed.
ITR-4 (Sugam) is for HUFs and firms with a total income of up to Rs 50 lakh under the presumptive income scheme from business and profession, provided the assessee is neither a director nor has invested in any unlisted company.
- Around 28 lakh returns in ITR -4 have been filed.
ITR-6 for the companies , more than 24,000 returns have been filed.
Hence, More than 1.43 Crore returns have been filed for Financial year 2019-20.