Up to date: Oct 11, 2019 20:32 IST
New Delhi [India], Oct 11 (ANI): As many as 5.52 crore revenue tax returns (ITRs) out of 5.87 cr checked by the Central Board of Direct Taxes (CBDT) for the evaluation 12 months (AY) of 2018-19 (Monetary Yr 2017-18) towards the consistency rule have been within the particular person class, stated the CBDT in an announcement on Friday.
“5,87,21,477 returns have been checked towards consistency guidelines and 5,87,13,458 returns assembly the consistency guidelines have been used for statistical evaluation,” said the CBDT. “5,52,60,219 ITRs have been within the particular person class,” it stated.
As many as 11,30,554 ITRs taken up for evaluation have been filed beneath the class of undivided Hindu household (HUF). 12,69,736 ITRs have been taken from the companies and eight,41,942 from completely different firms.
In line with CBDT, 2,04,048 ITRs checked had been filed by AOP or Affiliation of Individuals and BOI or Physique of People. As many as 6,956 ITRs have been from others which embody trusts, co-operative society, native authority and synthetic juridical.
CBDT assertion says it has been releasing key statistics regarding direct tax collections and administration in public area on occasion.
In continuation of its efforts to put increasingly more info in public area, the CBDT has additional launched time-series knowledge up to date as much as FY 2018-19 and income-distribution knowledge for AY 2018-19 (FY 2017-18).
“The provision of the time-series knowledge and the income-distribution knowledge within the public area will likely be helpful for the academicians, analysis students, economists and the general public at massive in learning long-term developments of assorted indices of the effectiveness and effectivity of direct tax administration in India,” says the CBDT assertion. (ANI)