INSUBCONTINENT EXCLUSIVE:
The Income Tax Department said that almost 34.95 lakh returns were e-filed on August 31, 2018The number of e-filing of income tax returns by
salaried individuals increased 54 per cent on an annual basis
The Income Tax Department attributed the significant improvement in the number of ITRs to a "remarkable increase" in the income tax return 1
came a day after expiry of the due date of August 31.1
The Income Tax Department notified a 70.86 increase in the total number of income tax returns e-filed till August 31
The total number of ITRs e-filed up to August 31, the extended due date announced by the taxman a month ago, stood at 5.42 crore as against
2018 stood at 3.37 crore, as against 2.19 crore returns in the corresponding period of 2017
That marked a difference of 1.18 crore returns translating into an increase of nearly 54 per cent.3
The Income Tax Department, which has time and again urged the assessees not to wait till the deadline in order to avoid last minute rush,
said that almost 34.95 lakh returns were uploaded on August 31
The taxman had in July 2018 extended the due date of July 31 by a month citing XXX.4
The income tax returns e-filed by individuals availing the benefit of Presumptive Tax Scheme stood at 1.17 crore, as against 14.93 lakh a
level of voluntary compliance of taxpayers".
