E-filing of income tax returns register 17% growth post demonetisation

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According to official figures, the e-filing of income tax returns (ITR) increased by 17%, while the increase in the category of individual files was more than 23%.

New Delhi: According to official data, the e-filing of Income Tax Returns (ITR) has increased by up to 17%, while the number of individual files has increased by more than 23%.

Year-by-year statistics identified by PTI show that a total of 31,61,63,320 e-returns were filed till October 31 last year (fiscal year 2016-17), this figure is 3,78,20,889 Increased up to This is October-end (fiscal year 2017-18). It shows the overall increase of 17.60% in the number of people who file online ITR online.

While supervising these activities, the officer of a senior income tax department credited the increase due to withdrawing two high-value notes of 500 rupees and 1 thousand rupees from the government after circulating on 8th November last year.

There has been an increase of 23.28% in the number of personal e-files in the data, which use the basic ITR-1 form to show taxman their income records. This year, the figure was 2,08,40,303, compared to 1,69,04,75 9 recorded online ITR-1 online, the figures show this year. ITR-1 or 'intuitive' files are called 'personal files' in the income tax's language.

Online filing of ITR-2A, whose income is from salary and other sources, has increased by 21.78%, while 28,82,189 returns have been filed in this category, whereas the same as last year In the period it was 23,66,687. year.
"It is possible due to increase in the figures, the tax department has asked the people to submit their returns so that it comes to making any transaction in view of the ban."

I T Department has already chosen for 20,572 tax returns for "detailed investigation" before and before the demonetisation income for suspected discrepancies, official sources said yesterday.