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TMI BlogFiling of Income Tax Returns registers an upsurge of 71% upto 31st August, 2018X X X X Extracts X X X X X X X X Extracts X X X X ..... Filing of Income Tax Returns registers an upsurge of 71% upto 31st August, 2018 - News and Press Release Dated:- 1-9-2018 - News - There has been a marked improvement in the number of Income Tax Returns (ITRs) filed during FY 2018 (upto 31/08/2018, the extended due date of filing) compared to the corresponding period in the preceding year. The total number of ITRs e-filed upto 31/08/2018 was 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 42 crore as against 3.17 crore upto 31/08/2017, marking an increase of 70.86% . Almost 34.95 lakh returns were uploaded on 31/08/2018 itself, being the last date of the extended due date of filing of ITRs. A remarkable increase is seen in the number of ITRs in 2 categories ie ITRs filed by salaried Individuals ( ITR-1 2 ) as also those availing the benefit of the Presumptive Taxation Sch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eme( ITR-4 ). The total number of e-returns of salaried Individual taxpayers filed till 31/08/2018 increased to 3.37 crore from 2.19 crore returns filed during the corresponding period of 2017, registering an increase of 1.18 crore returns translating into a growth of almost 54% . A stupendous growth has been witnessed in the number of returns e-filed by persons availing the benefit of Pres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... umptive Tax, with 1.17 crore returns having been filed upto 31st August, 2018 compared to 14.93 lakh returns upto 31st August, 2017 registering a massive increase of 681.69 %. 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... education of taxpayers as also the impending provision of late fee which would be effective on late filing of returns. This is indicative of an India moving steadily towards a more tax compliant society reflects the impact of continuous leveraging of technology to improve taxpayer service delivery. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... managementindia.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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