Income-tax returns filed so far this year hit the five crore mark on Thursday evening, a rise of over 60% compared with filings a year ago. This points to improved compliance and augurs well for government finances.
Today, August 31, is the last day for filing tax returns by salaried individuals and those with business or professional income without the need for audit. The final number of tax filers will rise further given the usual last-minute scramble. Over 20 lakh returns were filed on Thursday.
Income-tax returns filed so far this year hit the five crore mark on Thursday evening, a rise of over 60% compared with filings a year ago. This points to improved compliance and augurs well for government finances.
Today, August 31, is the last day for filing tax returns by salaried individuals and those with business or professional income without the need for audit. The final number of tax filers will rise further given the usual last-minute scramble. Over 20 lakh returns were filed on Thursday.
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