TMI Blog25% growth in number of Income Tax Returns filed in current fiscal Advance Tax (Personal Income Tax) collections up by 41%X X X X Extracts X X X X X X X X Extracts X X X X ..... 25% growth in number of Income Tax Returns filed in current fiscal Advance Tax (Personal Income Tax) collections up by 41% - News and Press Release Dated:- 8-8-2017 - News - Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 07th August, 2017. PRESS RELEASE 25% growth in number of Income Tax Returns filed in curre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt fiscal Advance Tax (Personal Income Tax) collections up by 41% As a result of demonetization and Operation Clean Money, there is a substantial increase in the number of Income Tax Returns(ITRs) filed. The number of Returns filed as on 05.08.2017 stands at 2,82,92,955 as against 2,26,97,843 filed during the corresponding period of F.Y. 2016-2017, registering an increase of 24.7% compared t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o growth rate of 9.9% in the previous year. The growth in returns filed by Individuals is 25.3% with 2,79,39,083 returns having been received upto 05.08.2017 as against 2,22,92,864 returns in the corresponding period of F.Y. 2016-2017. This clearly shows that substantial number of new tax payers have been brought into the tax net subsequent to demonetization. The effect of demonetization is a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lso clearly visible in the growth in Direct Tax Collections. Advance Tax collections of Personal Income Tax (i.e. other than Corporate Tax) as on 05.08.2017 showed a growth of about 41.79% over the corresponding period in F.Y. 2016-2017. Personal Income Tax under Self Assessment Tax (SAT) grew at 34.25% over the corresponding period in F.Y. 2016-2017. The above figures amply demonstrate the pos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itive results of the Government s commitment to fight the menace of black money. CBDT is committed in its resolve to eradicate tax evasion in a non intrusive manner and widening of tax base. (Surabhi Ahluwalia) Commissioner of Income Tax (Media Technical Policy) Official Spokesperson, CBDT - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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