E-filing of IT returns up by 40%

Updated:3 months, 3 weeks ago IST

New Delhi, Aug 29 (ANI): Data tabulated by the Income Tax (IT) department has highlighted a 40 per cent hike in incremental growth in the e-Filing of IT returns. As on August 26, data which was accessed by ANI showed that more than 4.37 crore returns were filed for the financial year ending March 31 against 3.10 crore returns for the financial year 17-18 (Assessment Year 16-17). Furthermore, data revealed that the IT department has already processed 62 lakh refund for the current assessment year, till August 26, against 23 lakh cases in the same period last year. Thus, reflecting an incremental growth of more than 168 per cent.

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