Slowness in AIS and ITR e-filing portal resulting in delay in filing ITR’s

Slowness in AIS and ITR e-filing portal resulting in delay in filing ITR’s

Monsoons started in some parts of India, as well as a technical issue with downloading the Annual Information Statement (AIS) and Tax Information Statement (TIS), which has caused delays in completing income tax returns.

Chartered accountants in Maharashtra, Karnataka, and Gujarat acknowledged that, despite the fact that the July 31 tax return filing due date (for non-audit) is only 20 days away, the normal rush to submit ITR has not occurred.

The delay is being blamed on three factors: technical issues with the portal, the dynamic nature of AIS, and some organizations’ failure to share Form 16 by the required June 15 deadline.

According to Income Tax Department statistics, 2.22 crore returns had been filed as of July 10, 2024. So, compared to the 7.83 crore forms filed by people for the assessment year 2023-24 (financial year 2022-23), 5.61 crore returns must be made in more than a fortnight.