The Central Board of Direct Taxes (CBDT), that makes policy decisions for the I-T department, has directed the taxman to undertake "focused efforts to significantly increase the tax base in the current financial year of 2017-18."
The target, the CBDT directive accessed by PTI said, is to add 12.5 million new I-T return filers.
A new I-T return filer is defined as a person who has not filed return in the previous years but is liable to do so under the law. The taxman has to add such entities and get them to do the filing of their I-T returns.
The CBDT, in an official statement, had said during the conference "strategies of tax base were discussed in detail with special focus on verification of data collected during demonetisation and statement of financial transactions(SFT)."
"The CBDT aims to add a sizeable number of new taxpayers in the current fiscal. It was directed that special focus be given to popularise the Operation Clean Money portal such that an environment of voluntary compliance can be created," it had said.
As per official data, the total number of all returns (electronic + paper) filed during the financial year 2016-17 was 54.3 million, 17.3 per cent more than the returns filed during the 2015-16 fiscal.