income tax returns: Scrutiny of income tax returns reduced to 0.25 pc in assessment year 2018-19: FinMin


New Delhi: The number of cases selected for scrutiny of income tax returns have been reducing each year, in order to ease taxpayer facilitation.

The level of scrutiny has reduced to 0.25% of all returns filed in 2018-19, versus 0.71% in 2015-16, according to details issued by the finance ministry.

The scrutiny rate is the lowest in the past four assessment years. In 2016-17, 0.40% of returns filed were scrutinized while in 2017-18, 0.55% of the cases were taken up for scrutiny.


“IT Dept is changing-from just enforcement to facilitating better taxpayer services,” the finance ministry said in a Twitter post, adding that the number of cases selected for scrutiny has reduced drastically over the years.

In Delhi, which has over 16 million PAN card holders, the rate of scrutiny has reduced from 1.12% in 2015-16 where 2.5 million returns were filed, to 0.52% in 2018-19 assessment year when 3.2 million income tax returns were filed.

For Maharashtra, which has over 66.6 million PAN card holders, the number of cases selected for scrutiny has reduced to 0.38% of 9.7 million in 2018-19 assessment year, from a high of 0.98% of 7.48 million cases in 2015-16 assessment year.

Source link

Articles You May Like

Montana opts to end $300 unemployment boost. Other states may, too
Cramer sells some ether after record highs to put toward new Hummer EV
The stock market can keep climbing
Wealthy may face up to 61% tax rate on inherited wealth under Biden plan
Mark Cuban: Ways Ethereum ‘dwarfs’ bitcoin

Leave a Reply

Your email address will not be published. Required fields are marked *