“There has been a 6.18 per cent increase in the number of persons filing Income Tax Returns in FY 2022-23 as compared to persons in FY 2021-22,” she mentioned within the Lok Sabha.
India’s gross direct tax assortment grew 20.33 in step with cent to over Rs 19.68 lakh crore in 2022-23 fiscal.
As in step with the go back submitting information shared by means of Sitharaman, the selection of individuals who filed source of revenue tax returns right through the ultimate 4 years has proven an building up.
Over 7.40 crore ITRs have been filed in 2022-23, of which over 5.16 crore had 0 tax legal responsibility.
Similarly, for 2021-22 fiscal, over 6.94 crore ITRs have been filed, of which over 5.05 crore had 0 tax legal responsibility.
Over 6.72 crore and six.47 crore ITRs have been filed in 2020-21 and 2019-20 fiscal years.
Of this, over 4.84 crore and a pair of.90 crore assessees had 0 tax legal responsibility.
The govt has taken a number of steps, like growth of the scope of TDS/TCS, simplification of private IT, prefiling of ITRs, up to date returns, new shape 26AS and non-filers tracking device, which has helped in including taxpayers.
“E-mails and SMS reminders are issued to taxpayers to file their ITRs and pay their due taxes,” Sitharaman mentioned, including the tax division could also be endeavor exposure campaigns to lift consciousness about submitting tax returns.