Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jul 23, 2019

India Targets Adding 1.3 Crore Income Tax Filers In 2019-20

India Targets Adding 1.3 Crore Income Tax Filers In 2019-20
A calculator sits on the desk of CPA Mike Dyer as he prepares federal income tax returns for clients at Tax Pros USA in La Grange, Kentucky, U.S. (Photographer: Luke Sharrett/Bloomberg)

The government has set a target of adding 1.3 crore income tax filers in the current financial year against 1.1 crore new filers last year, Parliament was informed on Monday.

There were 8.44 crore taxpayers in Assessment Year 2018-19. This included persons who filed a return of income for Assessment Year 2018-19 as well as persons who did not file a return of income but in whose case tax has been deducted at source during Financial Year 2017-18.

“The Government has fixed a target of adding 1.3 crore new income tax return filers during the current financial year as against 1.1 crore new filer added during FY 2018-19,” Minister of State for Finance Anurag Thakur said in a written reply to a question in the Lok Sabha.

For achieving this target, various measures are being taken including identification of potential non-filers through centralized Non-filer Monitoring System, formulation of region-specific strategies for identifying potential non-filers, issue of statutory notices to enforce compliance, simplification in income-tax returns and filing process to encourage voluntary filing, etc.

In a reply to a separate question, Thakur said 46.13 crore Permanent Account Numbers have been allotted as on July 30, 2019. Further, there are around 30,618 PAN-TIN (Tax Identification Number) facilitation centres all over India.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search