Thursday, September 28, 2017

In this financial year, the Income Tax Department has fastened the belt to add 1.25 crore new ITR files.

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Under the government's plan to widen the tax base in the country, the Income Tax Department has been given the task of connecting 1.25 crore new return figures in the current financial year.

The Central Board of Direct Tax (CBDT), which makes policy decisions for the IT department, has instructed the taxman to make "concerted efforts" to increase tax base in the current financial year 2017-18.

Discussion was also discussed on the plan to widen the tax base in the country at the conference of top I-T officials organized in the recently concluded "Revenue Knowledge Consumption" Conference.

CBDT said in an official statement that during the conference, "Tax base strategies were discussed and special attention was given for verification of the data collected during financial transactions (SFT) statement."

"CBDT aims to add a large number of new taxpayers.


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