Thu, Aug 24, 2017 | updated 12:31 PM IST

Surge growth in electronic filing of fiscal 2016-17 IT returns

Updated: Aug 08, 2016 16:07 IST      
Surge growth in electronic filing of fiscal 2016-17 IT returns

New Delhi, Aug.8 (ANI): The facility of e-verification of IT returns has been used by over 75.3 Lakh taxpayers till August 5, 2016 as compared to 32.95 Lakh taxpayers last year till September 7, 2015.

Of these Aadhar based E-verification was used by 17.68 lakh taxpayers during the current year as against 10.41 lakh taxpayers during the same period in 2015-16.

In addition to these, 3.32 Lakh returns were digitally signed.

Thus, over 35 percent of taxpayers have already completed the entire process of Return submission electronically.

The department encourages all taxpayers who have submitted their ITRs to use the e-verification as an easy alternative to sending their ITR-V form to CPC, Bengaluru.

As on August 5, 2016, over 226.98 Lakh e-returns had been filed in F.Y. 2016-17 as compared to 70.97 Lakh for the same period in FY 2015-16.

The growth is over 9.8 percent even if comparison is made with E-returns filed of 206.55 Lakh as on 7th September 2015 (the extended due date in FY 2015-16) which is for a period more than a month later.

Taxpayers have appreciated the early processing of Income Tax Returns by CPC Bangalore last year. Keeping the same momentum, the CPC Bengaluru has already issued over 54.35 Lakh refunds totaling to Rs 14,332 Cr which includes 20.81 Lakh refunds for AY 2016-17 (current year returns) totaling to Rs 2,922 Cr till 5th August 2016.

The department is committed to continuous improvement of taxpayer services and seeks the cooperation of all taxpayers in contributing their fair share of taxes voluntarily. (ANI)

New Delhi [India], August 24 (ANI-NewsVoir): Located at One Galle Face along the Galle Face Green promenade, which is the most exclusive address in Colombo, Shangri-La Hotel, Colombo will offer uninterrupted Indian Ocean views in most of its 500 guestrooms and suites and 41 serviced apartments.

Full Story >>

New Delhi [India], August 23 (ANI): Introducing a new currency denomination and design is an exercise that any central bank does, keeping in consideration various factors like inflation, GDP growth, replacement of soiled banknotes, reserve stock requirements and the need for combating counterfeiting and above all the ease of transactions for the common man.

Full Story >>

New Delhi [India], August 23 (ANI): Truecaller on Wednesday announced that the company achieved a record 200 million impressions in a single day, thus registering a 300 percent growth in its in-app advertising platform in one year.

Full Story >>

New Delhi [India], Aug 23 (ANI): Airbnb, the world's leading community-driven hospitality company, today announced its first airline partnership in India with Jet Airways, India's premier international airline.

Full Story >>

Women take centre stage at Paddy Fields 2017

Updated: Aug 23, 2017 18:34 IST     

New Delhi [India], August 21 (ANI-NewsVoir): In a first of its kind, a musical event will be organized with only women performers taking centre stage in the country. Nesco, India's largest exhibition center is fast becoming a hub for various social, cultural and entertainment events marks their second season of Paddy Fields, a folk and fusion music event with eight women singers from various parts of the country to perform on October 7 and 8 this year.

Full Story >>

Taxmann launches new features in its GST compliance software

Updated: Aug 23, 2017 18:16 IST     

New Delhi [India], Aug 23 (ANI): Taxmann, one of the authorised Goods and Service Tax Suvidha Providers (GSPs) launched new features in its GST compliance software - One Solution. Apart from GSTR 3B generation, it also facilitates uploading of invoice at GSTN and roll out of GSP services. It also added some additional features to its data import mechanism and invoicing module.

Full Story >>

New Delhi [India], August 23 (ANI): Envisioning the consolidation of nationalised banks into more competitive units, the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its in-principle approval for Public Sector Banks (PSB) to amalgamate through an Alternative Mechanism (AM).

Full Story >>

UK International Trade chief ends three-day visit to India

Updated: Aug 23, 2017 18:05 IST     

New Delhi [India], Aug.23 (ANI): The Director General of International Trade and Investment, Department for International Trade, Dr. Catherine Raines, visited India from August 21 to August 23.

Full Story >>

New Delhi [India], August 23 (ANI): Real estate developer Vipul Ltd., on Wednesday announced that the company raised Rs. 150 crore from Edelweiss Group, which will be channelized towards the development of its luxurious housing project 'Aarohan Residencies' located on Golf Course Road in the heart of Gurugram.

Full Story >>

New Delhi [India], August 23 (ANI): Tata Sons on Wednesday announced the appointment of Banmali Agrawala as the President of Infrastructure, Defence and Aerospace vertical, will effect from October 1.

Full Story >>

New Delhi [India], Aug 23 (ANI): Leading provider of premier sanitary fittings GROHE has announced appointment of Shubhajit Sen as the Country General Manager of its parent company Lixil Water Technology for India and Subcon.

Full Story >>

New Delhi [India], August 23 (ANI-BusinessWire India): CMC bagged 'Best Vocational training Company Serving Social Cause- CSR' award from Associated Chambers of Commerce and Industry of India (Assocham) for "English Intervention Program", which is a

Full Story >>

New Delhi [India], Aug 23 (ANI-NewsVoir): Round Table India in association with NGO Robin Hood Army distributed 70,000 food packets among the underprivileged as part of their ongoing campaign 'Freedom from Hunger'.

Full Story >>

New Delhi [India], August 23 (ANI): The Ministry of Finance on Wednesday in an official notification clarified the introduction of denomination of new currency notes worth Rs. 200, citing the provisions vested under Sub-section (1) of Section 24 of the Reserve Bank of India (RBI) Act, 1934.

Full Story >>

Former Oracle CFO Jeff Epstein joins Moglix Advisory Board

Updated: Aug 23, 2017 13:36 IST     

New Delhi [India], August 23 (ANI): In a move to strengthen its leadership, Moglix, a B2B e-commerce marketplace Moglix on Wednesday roped in Jeff Epstein, Operating Partner at Bessemer Venture Partners and former CFO of Oracle, to its Board of Advisors.

Full Story >>

New Delhi [India], August 22 (ANI-BusinessWire India): Despite the mushrooming of gyms and fitness centres as well as the growing popularity of fitness apps and virtual gyms, most Indians do not find time to exercise. In a pan-India study conducted by Gympik, India's largest fitness discovery platform, 53 percent of the respondents said that they lack the discipline to stay fit.

Full Story >>

Amitabh Kant to launch 'Mentor India' campaign on Wednesday

Updated: Aug 22, 2017 18:39 IST     

New Delhi [India], August 22 (ANI): NITI Aayog CEO Amitabh Kant is slated to launch the Mentor India Campaign, a strategic nation building initiative to engage leaders who can guide and mentor students at more than 900 Atal Tinkering Labs, established across the country as a part of the Atal Innovation Mission, here on Wednesday.

Full Story >>

New Delhi [India], Aug 22 (ANI): Asia's largest direct-to-home (DTH) brand DishTV has announced the appointment of Pushkar Singh Kataria, as Chief Human Resources Officer with immediate effect.

Full Story >>

New Delhi [India], August 22 (ANI-NewsVoir): India celebrated its 70th Independence Day this week with a new level of achievements and enthusiasm. Meanwhile, in Mumbai, Dr. Amit Upadhyay of Horizon Outsource Solutions visited Father Agnel's Ashram in Mumbai to spend a day with 55 underprivileged kids housed in Bandra.

Full Story >>

New Delhi [India], Aug 22 (ANI): India's largest e-commerce marketplace Flipkart on Tuesday announced the roll-out of 'Flipkart Global', a program that will provide its 100,000 plus sellers with an opportunity to export their products to buyers across 190+ countries.

Full Story >>