Mar 05, 2019
Income tax returns witness 30% growth in Apr-Feb, over 3 lakh visit website to check notices from I-T dept
The income tax e-returns filed for the April-February period has grown nearly 30% compared with the corresponding period in FY18. While almost 6.4 crore taxpayers filed returns in the first 11 months of the fiscal, the government is expecting 7.6 crore returns to be filed by the end of FY19 against 6.7 crore in FY18. In the last three fiscals, March alone has seen 0.8 crore (FY16), 1.1 crore (FY17) and 1.85 (FY18) crore e-returns being filed. The surge is seen after the I-T department started sending notices to people who are involved in high-value transactions but don’t file returns.