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ITRs filled till Aug 31 records 71% rise compared to 2017

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Source: Livemint

Filling of Income Tax Returns recorded a notable rise of nearly 71 per cent upto Augsut 31 as compared to the corresponding period of last year. The Central Board of Direct Taxes revealed that the total number of ITRs filed online up to August 31, 2018, was 5.42 crore as against 3.17 crore up to August 31, 2017.

It 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.

“A remarkable increase was seen in the number of ITRs filed by salaried individuals, and also those availing the benefit of the Presumptive Taxation Scheme,” the Finance Ministry said in a statement.

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.

“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,” added the officials from Finance Ministry.

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