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Tax return filing up 50% this year: CBDT Chairman

IANS  |  New Delhi 

Over six crore income-tax returns have already been filed this year for the assessment year 2018-19 showing an increase of 50 per cent over the last year, said on Tuesday.

Attributing this surge in returns to demonetisation, he said the had so far received 6.08 crore income-tax returns this year.

He said the corporate tax returns had also seen an increase to 8 lakh from 7 lakh filed last year till this date.

"This is the demonetisation effect... It has led to increase in the tax base of the country," the (CBDT) said on the sidelines of CII's international tax conference here.

Chandra also expressed confidence that the would meet the Rs 11.5 lakh crore direct tax collection target.

"We have already got around 6.08 crore income tax returns this year which is 50 per cent higher than returns filed till this date last year," he said.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 04 2018. 14:28 IST
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