Income tax e-filers by over 6.6 lakh in FY19: Official data
In a first in recent history of tax filings, income tax e-filings in FY2019 have dropped by more than 6.6 lakh, a trend that analysts said was surprising as tax base was expected to increase post demonetisation.According to statistics put out on Income Tax Department’s e-filing website, income tax e-filings in FY 2018-19 was 6.68 crore, down from 6.74 crore in the previous fiscal.E-filers in FY 2016-17 were 5.28 crore.Kotak Economic Research in an April 30 report said: “We are surprised with the decline in income tax e-filing in FY2019.” “If…
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