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IT Dept. asks taxpayers to complete this pending work

Income Tax Department has urged taxpayers to complete an important task. Taxpayers who are yet to accept the Tax Audit Reports (TARs) submitted by their Chartered Accountants (CA) must complete the process of submission,
the Central Board of Direct Taxes (CBDT) said in a statement.

"The Department expresses gratitude to all tax professionals and taxpayers for their support in compliance and requests the attention of taxpayers who are yet to accept the Tax Audit Report submitted by their CA to complete the process of submission," CBDT stated.

More than 29.8 lakh major TARs have been filed on the e-filing portal of the Income Tax Department by February 15, 2022, the CBDT stated.

Income Tax India tweeted "More than 29.8 lakh Tax Audit Reports filed on ITD’s e-Filing portal as on 15th February, 2022. On the last day, over 4.14 lakh Tax Audit Reports/Statutory Forms have been filed. ITD acknowledges the efforts of our taxpayers & professionals in fulfilling the compliances on time."

Out of 29.8 lakh of the major statutory forms, over 2.65 lakh Form 3CA-3CD and around 24.5 lakh Form 3CB-3CD have been filed in FY 21-22. More than 2.71 lakh other Tax Audit Reports (Form 10B, 29B, 29C, 3CEB, 10CCB, 10BB, according to details provided by CBDT.

More than 5.41 crore Income Tax Returns (ITRs) have been verified out of 6.26 crore ITRs for AY 2021-22. Of the verified ITRs, more than 4.50 crore ITRs have been processed and 1.58 crore refunds for AY 2021-22 have been issued.



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