Business   

Good response to e-returns

NEW DELHI: If the enthusiastic response to the facility of filing income-tax returns electronically (e-returns) is any indication, the fast spread of computerisation appears to have made the country’s taxpayers distinctly tech savvy.

As on July 31 this year — the deadline that was fixed by the Income-tax Department for filing of tax returns by individuals and non-corporates — the number of e-returns filed was an overwhelming 12.49 lakh against 1.46 lakh e-returns filed up to the same date last year. Moreover, while e-filing of tax returns this year was made mandatory for only corporates and large firms, a total of 12.14 lakh or about 97 per cent of the 12.49 lakh e-returns were filed voluntarily by individual assessees, professionals and small businesses.

During 2007-08 (up to March 31, 2008) about 21.93 lakh e-returns were filed by taxpayers from all over India. Out of these, over 14.6 lakh e-returns were filed voluntarily.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Jindal Power project set to go commercial
IOC plans to import 1.2 m tonnes of diesel
Oracle integrates India, BEA centres
Infosys spends Rs. 750 crore on training fresh recruits
Good response to e-returns
Three banks get new CMDs
Union Bank of India opens branch in Hong Kong

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu