I-T returns surge 60%, cross 5 crore filings

Income-tax returns filed so far this year hit the five crore mark on Thursday evening, a rise of over 60% compared with filings a year ago. While the authorities believe that a part of the rise was on account of persuasion and education of taxpayers, the government’s decision to impose a penalty on anyone filing after the August 31 deadline has also resulted in more people filing returns on time.

from Times of India https://ift.tt/2C0Hm7C