ITR filed so far registers 71% rise compared to last year

The filing of Income Tax Returns has registered an upsurge of around 71 percent up to the 31st of August as compared to the corresponding period of last year.

ITR filed so far registers 71% rise compared to last year
ITR filed so far registers 71% rise compared to last year

The Central Board of Direct Taxes, in a statement, said, the total number of ITRs e-filed till the 31st of August this year was 5.42 crore as against 3.17 crore to the same period of last
year registering an increase of 70.86 percent.

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 percent.

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 demonetization, enhanced persuasion and education of taxpayers.