5.9 Crore Income Tax Returns Filed by July 31 Deadline

Nearly 5.9 crore income tax returns were submitted by the July 31 deadline, according to the Income Tax Department. The figure falls short of the total recorded during last year's extended filing period. The previous financial year had seen significant tax concessions announced for taxpayers. Those who missed the deadline can still file belated returns until December, albeit with a penalty. Taxpayers with business income are subject to separate, extended deadlines for their filings.