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. While the authorities believe that a part of the rise was on account of persuasion and education of taxpayers, the government’s decision to impose a penalty on anyone filing after the August 31 deadline has also resulted in more people filing returns on time.
read the full story about With 1 day to go, I-T returns surge 60%, cross 5 crore filings
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