New Delhi, Pretr. There has been an expansion in the quantity of individuals recording Income Tax Return (ITR) in FY 2022 when contrasted with the past monetary year. Focal Board of Direct Taxes (CBDT) Chairperson Sangeeta Singh on Saturday said that a sum of 7.14 crore ITRs have been recorded in the monetary year 2022, as against 6.9 crore in the past monetary year.
The CBDT administrator said that the expense assortment in FY 2022 has been more than Rs 14 lakh crore, which is far superior to FY 2020. There has been an expansion in both Aadhaar and Revised Return of citizens in the last monetary year. He expressed that there has been an expansion in charge assortment. By and large, with the development of the economy, the duty assortment additionally increments.
Expansion in installment of duty because of Digital India drive
That's what he said on the off chance that there is an expansion in financial movement, there is likewise an expansion in trading. However long the economy doesn't develop, the expense assortment likewise doesn't increment. He expressed that because of the Digital India drive of Prime Minister Narendra Modi, there has been an expansion in the installment of expense. In the Corona time, individuals have paid charges on their own in a computerized manner. Maybe this is the aftereffect of the change occurring in the personalities of individuals.
Steps taken on a large scale for digitization in the last years
CBDT Chairman Sangeeta Singh said that the awareness campaigns conducted to inform the taxpayers about timely tax payment have also contributed to this. We have also taken massive steps for digitization in the last years. He said that the CBDT has also conducted awareness campaigns for the people to pay taxes. Campaigns to update ITR have also yielded better results.
