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Almost all finance ministers of India have faced the challenge of widening the country’s tax net. While the debate over how few people pay income tax in India is old, what is less well-known is that many companies also avoid paying income tax. While only 2% of the population pays income taxes, nearly half of…
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Income Tax Return (ITR) filings for this assessment year crossed a record 7.65 crore by October 31, about 11.7% higher than the 6.85 crore returns filed by November 7 last year, the Income Tax Department said on Wednesday. | Photo Credit: Twitter/@IncomeTaxIndia Income Tax Return (ITR) filings for this assessment year crossed a record…
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October 31, 2023 was also the due date for filing of some crucial statutory forms (Representational) New Delhi: The income tax department on Wednesday said a record number of over 7.85 crore ITRs were filed till October 31. The total number of ITRs (income tax returns) filed in FY 2023-24 for all assessment years up…
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