Surge growth in electronic filing of fiscal 2016-17 IT returns

The facility of e-verification of IT returns has been used by over 75.3 Lakh taxpayers till August 5, 2016 as compared to 32.95 Lakh taxpayers last year till September 7, 2015.

Of these Aadhar based E-verification was used by 17.68 lakh taxpayers during the current year as against 10.41 lakh taxpayers during the same period in 2015-16.

In addition to these, 3.32 Lakh returns were digitally signed.

Thus, over 35 percent of taxpayers have already completed the entire process of Return submission electronically.

The department encourages all taxpayers who have submitted their ITRs to use the e-verification as an easy alternative to sending their ITR-V form to CPC, Bengaluru.

As on August 5, 2016, over 226.98 Lakh e-returns had been filed in F.Y. 2016-17 as compared to 70.97 Lakh for the same period in FY 2015-16.

The growth is over 9.8 percent even if comparison is made with E-returns filed of 206.55 Lakh as on 7th September 2015 (the extended due date in FY 2015-16) which is for a period more than a month later.

Taxpayers have appreciated the early processing of Income Tax Returns by CPC Bangalore last year. Keeping the same momentum, the CPC Bengaluru has already issued over 54.35 Lakh refunds totaling to Rs 14,332 Cr which includes 20.81 Lakh refunds for AY 2016-17 (current year returns) totaling to Rs 2,922 Cr till 5th August 2016.

The department is committed to continuous improvement of taxpayer services and seeks the cooperation of all taxpayers in contributing their fair share of taxes voluntarily.