The income tax department announced that a record-breaking 7.85 crore income tax returns (ITRs) were filed for the fiscal year 2023-24 until October 31, surpassing the previous year's total of 7.78 crore ITRs. The majority of these ITRs have been verified and processed, indicating a significant increase in compliance. The e-filing portal also efficiently managed high traffic during peak filing days, ensuring a smooth experience for taxpayers and professionals.
