More than 1.7 crore taxpayers file ITRs for AY 2026-27 so far: I-T Dept
New Delhi, July 11
More than 1.7 crore income tax returns have been filed so far for the assessment year 2026-27, the Income Tax Department said on Saturday.
"Over 1.7 crore taxpayers have already taken the smart step and filed their ITRs for A.Y. 2026-27," the department said in a post on X.
According to the department, more than 10 lakh returns were filed on Friday alone.
Moreover, the Income Tax Department has urged eligible taxpayers who are yet to file their returns to complete the process before the July 31 deadline to avoid a last-minute rush.
In May, the I-T Department enabled the filing of Income Tax Returns (ITRs) for the financial year 2025-26 (assessment year 2026-27) with the release of Excel utilities for ITR-1 and ITR-4 forms on e-filing portal, saying that taxpayers can now access both the Excel utility and online filing options for the two forms.
ITR-1 (Sahaj) is meant for resident individuals with an annual income of up to Rs 50 lakh from salary, one house property and other sources, including agricultural income of up to Rs 5,000 a year.
ITR-2 is applicable to individuals and Hindu Undivided Families (HUFs) that do not have income from profits and gains of business or profession but have income from sources such as capital gains.
Earlier, the Central Board of Direct Taxes (CBDT) had notified the ITR forms for AY 2026-27 with revised disclosure norms.
The changes include additional reporting requirements related to long-term capital gains, losses from share buybacks and certain trading transactions.
Notably, India's net direct tax collections surged 14.64 per cent (year-on-year) to Rs 5.21 lakh crore in the April 1-June 17 FY27, as per the Income Tax Department. In the meantime, gross direct tax collections increased 12.46 per cent to Rs 6.1 lakh crore from Rs 5.4 lakh crore from the year-ago period.
— IANS
Reader Comments
Good initiative by the IT Department to release ITR-1 and ITR-4 utilities early. But I'm concerned about the new disclosure norms for LTCG and share buybacks—it's getting complicated for middle-class investors like us. Hope the online portal doesn't crash on the last day again!
पहले ही 1.7 करोड़ से ज्यादा लोगों ने ITR फाइल कर दिया—यह अच्छी बात है! लेकिन सरकार को छोटे व्यापारियों और मजदूर वर्ग के लिए प्रक्रिया को और सरल बनाना चाहिए। अभी भी बहुत से लोग डिजिटल जागरूकता की कमी से परेशान हैं।
That's impressive—1.7 crore returns already! But I'm curious about the net direct tax collection surge of 14.64%. Is this growth due to better compliance or higher taxes? Hope the new ITR forms don't create confusion for NRIs like me who have capital gains from overseas.
Good to see the government pushing digital compliance—but the new disclosure norms for trading transactions and share buybacks feel like an overreach. Small investors already struggle with the basics; adding more complexity may discourage compliance. 😕
I'm a salaried employee with just one house property—ITR-1 is easy. But my friend who deals in mutual funds and stocks had to file ITR-2 this year due to
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