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of <h1>India Sees 16.1% Rise in Income Tax Returns by July 2023; Over 6.77 Crore ITRs Filed, TIN 2.0 Boosts Efficiency.</h1> Over 6.77 crore Income Tax Returns (ITRs) were filed by 31st July 2023, marking a 16.1% increase from the previous year. On the deadline day alone, 64.33 lakh ITRs were submitted. Notably, 53.67 lakh ITRs came from first-time filers, indicating a broader tax base. The e-filing portal efficiently handled high traffic, with over 32 crore logins in July. The introduction of TIN 2.0 facilitated real-time tax payments, enhancing the filing process. The Income-tax Department's campaigns and support services contributed to the timely compliance, with 5.63 crore returns e-verified and 3.44 crore processed by the end of July.
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