Three Lakh Returns Are Being Filed Daily On The IT Portal

Three lakh returns are being filed daily on the IT portal, technical problems will be removed soon.

Infosys Chief Executive Officer (CEO) Salil Parekh, who has faced criticism due to technical glitches in the new portal for filing income tax returns.

He said on Wednesday that the new portal developed by his company is continuously improving and on it. 1.9 crore returns have been filed.

He further said that the concerns of the taxpayers are being addressed continuously. Parekh mentioned that 38 million users have completed various transactions and 2-3 lakh returns are being filed every day.

“We are seeing continuous improvement in the income tax system,” Parekh told reporters after announcing the company’s results for the second quarter.

Till yesterday we had over 1.9 crore returns that have been filed using the new system. Today Income Tax Return Forms 1 to 7 are all working. Most of the statutory forms are available on the system.

However, he did not specify when these technical glitches would be completely removed and all the facilities on the portal would be available to tax return filers.

Infosys’ consolidated net profit jumped 11.9 percent to Rs 5,421 crore (Rs 12.88 per share) in the second quarter ended September of the current fiscal.

The company has raised its revenue forecast for the current financial year due to higher contracts globally.

Due to this, the company had earned a net profit of Rs 4,845 crore in the same quarter of the previous financial year.

The company said that its net profit for the quarter under review was 4.4 percent higher than the June quarter.

The company said its revenue grew 20.5 percent to Rs 29,602 crore during the quarter as against Rs 24,570 crore in the year-ago quarter.

The Bengaluru-based company has raised its revenue growth forecast for the current fiscal year 2021-22 to 16.5-17.5 percent. Earlier, the company had projected a growth of 14-16 percent in its revenue.

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