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Tax returns filed before deadline register 71% rise

New Delhi: The filing of Income Tax Returns has registered an upsurge of around 71 per cent upto the 31st of August as compared to the corresponding period of last year.

The Central Board of Direct Taxes, in a statement said, the total number of ITRs e-filed till the 31st of August this year was 5.42 crore as against 3.17 crore upto the same period of last year registering an increase of 70.86 per cent.

Tax returns filed before deadline register 71% riseIt said, the total number of e-returns of salaried Individual taxpayers filed till the 31st of August increased to 3.37 crore from 2.19 crore returns filed during the corresponding period of last year showing an increase of almost 54 per cent.

The increase in the number of returns reveals a marked improvement in the level of voluntary compliance of taxpayers which can be attributed to several factors, including the impact of demonetisation, enhanced persuasion and education of taxpayers.

Tax returns filed before deadline register 71% riseIt said, this is indicative of an India moving steadily towards a more tax compliant society and reflects the impact of continuous leveraging of technology to improve taxpayer service delivery.

The post Tax Returns Filed before deadline register 71% rise appeared first on NewsroomPost.



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