Govt to widen tax base, asks I-T dept to add 12.5 mn filers in FY18

A new I-T return filer is defined as a person who has not filed return in the previous years but is liable to do so under the law

The Income Tax department has been tasked to add 12.5 million new return tax filers within the current financial year as part of the authorities's plan to widen the tax base within the country.

 

The central Board of Direct Taxes (CBDT), that makes policy choices for the I-T department, has directed the taxman to adopt "targeted efforts to significantly increase the tax base in the current economic year of 2017-18."

The target, the CBDT directive accessed via PTI said, is to add 12.five million new I-T return filers.

 

 

A new Tax filing is described as a person who has no longer filed return in the previous years however is liable to do so under the regulation. The taxman has to add such entities and get them to do the filing of their I-T returns.

The Hyderabad & the Pune areas of the department had been given the highest targets to add 12,80,000 & 11,80,000 new filers respectively.

They're followed by Chennai with 10,47,000 new filers & Chandigarh at 10,41,000 new filers.

→ Efiling of Income tax ←                       → Income Tax Efiling ←

The plan to widen the tax base within the country was also discussed and finalised for the duration of the recently concluded 'Rajswa Gyansangam' conference of top I-T officers held right here.

The CBDT, in an official statement, had stated during the conference "techniques of tax base were discussed in detail with unique focus on verification of data accumulated during demonetisation and statement of financial transactions(SFT).... Read Full Article