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Business
Over 7 crore income tax returns filed for AY 2026-27, IT Department reports
✍️ Asianet Newsable
🗓 28 Aug 2026, 05:18 PM
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The Income Tax Department said that more than 70 million returns have been submitted for Assessment Year 2026‑27, marking a significant filing milestone.
The Income Tax Department announced that filings for Assessment Year 2026‑27 have crossed the 7‑crore mark, indicating that over 70 million taxpayers have submitted their returns so far. This update was released as the filing season progresses across the country.
Officials noted that the high number of submissions reflects the growing reliance on electronic filing platforms, which have streamlined the process for individuals and businesses alike. The department continues to monitor the inflow of returns through its online portal to ensure timely processing.
The department added that the robust filing response will help shape revenue forecasts for the upcoming financial year, although final figures will be confirmed after the filing window closes.
Officials noted that the high number of submissions reflects the growing reliance on electronic filing platforms, which have streamlined the process for individuals and businesses alike. The department continues to monitor the inflow of returns through its online portal to ensure timely processing.
The department added that the robust filing response will help shape revenue forecasts for the upcoming financial year, although final figures will be confirmed after the filing window closes.