The Finance Ministry has announced that the e-filing portal has received over 34.84 lakh audit reports for the Assessment Year 2024-25, with nearly 34 lakh of these being Tax Audit Reports. This signifies a 4.8 percent rise in the filing of Tax Audit Reports compared to the previous year, 2023-24. In an effort to facilitate taxpayers, the Income Tax Department has carried out extensive outreach programs. These initiatives aim to increase awareness about the procedures for filing Tax Audit Reports, ensuring taxpayers are well-informed and equipped to navigate the e-filing system efficiently.
The growth in report filings underscores the effectiveness of the government’s strategic efforts to enhance compliance and streamline the tax-filing process. By leveraging technology and proactive educational efforts, the department continues to simplify the complexities of tax compliance for the general populace. This approach not only aids in boosting submission rates but also reflects positively on the government’s commitment to fostering a transparent and user-friendly tax environment.
Original Story https://www.newsonair.gov.in/over-34-84-lakh-audit-reports-filed-for-ay-2024-25/
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