Clarification comes after there was a mismatch in figures shared by PM Modi and Eco Survey-II
The income tax filing department on Friday put to rest the controversy over the so-called inconsistency in the estimates of the number of taxpayers added after demonetisation.
The inconsistency was reported because Prime Minister Narendra Modi mentioned in his Independence Day speech that an additional 5.6 million people filed personal income tax returns from April 1 to August 5 in 2017, as compared to 2.2 million people in the same period last year.
Earlier, Volume 2 of the Economic Survey mentioned that around 5,40,000 new taxpayers were added post-demonetisation. Also, the country's finance minister, Arun Jaitley, had stated in May that around 9.1 million taxpayers have been added to the tax net as a result of action taken by the Income Tax Department. → Efiling of Income Tax ←
Moreover, in a reply to an unstarred question in the Rajya Sabha earlier this month, it was stated that around 33,00,000 new taxpayers have been added to the tax net following the Centre's demonetisation drive.
In a statement, the department clarified that there is no inconsistency in the data provided by the government in these statements as these are in different contexts and for different time periods.
It said the Prime Minister's speech referred to the increase in the number of e-filed personal income tax returns (ITRs) that were filed between April 1 and August 5, this year over the ITRs filed in the corresponding period of earlier years...Read Full Article
The inconsistency was reported because Prime Minister Narendra Modi mentioned in his Independence Day speech that an additional 5.6 million people filed personal income tax returns from April 1 to August 5 in 2017, as compared to 2.2 million people in the same period last year.
Earlier, Volume 2 of the Economic Survey mentioned that around 5,40,000 new taxpayers were added post-demonetisation. Also, the country's finance minister, Arun Jaitley, had stated in May that around 9.1 million taxpayers have been added to the tax net as a result of action taken by the Income Tax Department. → Efiling of Income Tax ←
Moreover, in a reply to an unstarred question in the Rajya Sabha earlier this month, it was stated that around 33,00,000 new taxpayers have been added to the tax net following the Centre's demonetisation drive.
In a statement, the department clarified that there is no inconsistency in the data provided by the government in these statements as these are in different contexts and for different time periods.
It said the Prime Minister's speech referred to the increase in the number of e-filed personal income tax returns (ITRs) that were filed between April 1 and August 5, this year over the ITRs filed in the corresponding period of earlier years...Read Full Article
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