New record in ITR filing; more taxpayers opt for new regime. Details here
The Income Tax Department has reported a record-breaking number of income tax returns (ITRs) filed for the assessment year (AY) 2024-25, with over 7.28 crore submissions made by the July 31 deadline. The tax department said this marks a 7.5% increase compared to the previous year’s total of 6.77 crore ITRs filed by July 31,…