I-T returns filing increased 50pc this year: CBDT Chairman
Over six crore income-tax returns have already been filed this year for the assessment year 2018-19 showing an increase of 50 per cent over the last year, CBDT Chairman Sushil Chandra said on Tuesday.
He said the corporate tax returns had also seen an increase to 8 lakh from 7 lakh filed last year till this date.
"This is the demonetisation effect... It has led to increase in the tax base of the country," the Central Board of Direct Taxes (CBDT) Chairman said on the sidelines of CII's international tax conference here.
Chandra also expressed confidence that the government would meet the Rs 11.5 lakh crore direct tax collection target.
(With inputs from agencies.)