50 percent increase in income tax return

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Mumbai-Income Tax Returns (ITR) filed in the year 2018-19 has registered an increase of 50 per cent so far in comparison to last year. A top finance ministry official said on Tuesday.

Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said differently from a CII program, “This is a ban on filing.” The ban on bonds has increased in the country. He said that this year we have got about 6.08 crore ITRs, which is 50 per cent more than the ITR that was available for this period last year. The CBDT chief said that so far the department has given a refund of Rs 2.27 crore, which is 50 percent more than the previous year.

Sushil Chandra said that the revenue department will achieve the direct tax collection target of 11.5 lakh crore during the current financial year. He said, “Our gross direct tax has increased by 16.5 per cent and net direct tax has increased by 14.5 per cent, which makes it clear that ban on bondage has helped increase tax, he said that the exchange of information Under 70 countries are sharing information with India.

The CBDT chief stressed, “To date, the total direct tax mop was 48 per cent of the budget estimate.Subh Chandra said that the number of corporate taxpayers has increased to eight lakhs due to the ban on bondage due to the ban on bondage. He told that the CBDT will soon begin e-panning within four hours, Chandra said that the department did not file returns and not getting returns from income Two million SMSes have been sent to the people.

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