E-IT returns register a sharp increase by Samir Biswal

The e-filing of income tax returns have registered a 48 per cent rise with more than one crore assesses doing it in the first four months of the current fiscal year 2013.

"The e-returns filed during the current financial year up to July 31, 2013 (1,03,21,775) represent an increase of 48 per cent over the number of e-returns filed during the corresponding period of the last financial year (69,63,056)," the Central Board of Direct Taxes (CBDT) said in a statement today.

The CBDT had extended the last date for filing of I-T returns for assessment year 2013-14, both manual and e-filed, because of pressure on the computer servers.

The maximum number of online returns, during the same period, were filed by salaried class of taxpayers. A total of 57,81,252 people under the salaried class filed their e-returns till July 31.

It was earlier erroneously reported that the total number e-returns filed by taxpayers till July 31 was less than the over 2 crore e-filing numbers filed during the financial year 2012-13.

"In this connection it is clarified that the figure of 2,14,86,807 e-returns filed during the financial year 2012-13 pertain to the whole year (i.e. between April 1, 2012 to March 31, 2013), whereas during the current year up to July 31, 2013 (between April 1, 2013 to July 31, 2013) 1,03,21,775 returns have been e-filed.

"Therefore, it is clarified that the e-filed returns during the current financial year up to 31 July 2013 have registered substantial increase compared to the e-returns filed during the corresponding period of the previous financial year and are not less compared to the returns filed during the financial year 2012-13 as reported," the statement said.

This Article is written by CMA Samir Biswal. He can be reached at cmasamirbiswal@gmail.com

The Economies Time

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