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20-Aug2018

India's I-T collection reaches record high of Rs 10.03 lakh crore in FY18: CBDT

The Central Board of Direct Taxes (CBDT) has informed that India's Income-Tax (I-T) collection peaked a record high of Rs 10.03 lakh crore during the financial year 2017-18. CBDT member, Shabri Bhattasali has indicted that a record number of 6.92 crore I-T returns were filed during 2017-18, which was 1.31 crore more than 5.61 crore returns filed in 2016-17. She also noted that the income tax department added 1.06 crore new return filers during 2017-18 and is aiming to add 1.25 crore new tax payers in the current financial year. She added that this number was 1.89 lakh in the North Eastern Region.

Chief Commissioner of the Income Tax Department (North Eastern Region) LC Joshi Ranee has stated that Rs 7,097 crore tax was collected from the region during 2017-18. He also said that this is 16.7 percent higher than Rs 6,082 crore collected in the preceding year. Besides, he mentioned that the target in the region for 2018-19 has been fixed at Rs 8,357 crore, 17.75 percent more than last year's collection.

Stating that the department is committed to meet the target tax collection, Ranee said increase taxpayer base and deliver superior services, 'Aaykar Seva Kendras' have already been opened in 22 out of 29 stations in NER. He added that new offices are being opened in far-flung areas to deliver taxpayer services.


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