 "income tax, I-T")
The number of I-T returns filed for 2016-17 year grew by 25 per cent to 2.83 crore, the tax department said. This sharp rise in the income tax return filing by individuals could be attributed to demonetisation of high currency notes and the implementation of goods and services tax (GST) besides other black money deterrent measures announced by the government.
The returns filed up to August 5, the extended deadline, were up 25% at 28.3 million compared to 22.7 million during the corresponding period 2016-2017. The growth in the same period last year was 9.9 per cent.
“The efforts to
