Direct tax collections to exceed target in FY19, says CBDT Chairman Sushil Chandra

Direct tax collections to exceed target in FY19, says CBDT Chairman Sushil Chandra

Direct tax collection has already crossed Rs 5 lakh crore and will exceed the budgeted target of Rs 11.5 crore set for the current fiscal, CBDT Chairman Sushil Chandra said Wednesday. He further said that so far the I-T department has issued refunds to 2.15 crore assessees amounting to Rs 1.15 lakh crore. This year so far 6.02 crore ITRs have been filed with the Income Tax Department. The number of direct taxpayers was 3.8 crore when the Modi-led government took office in May 2014.

Read More at Times Now News date : 15 Nov 2018, Thursday

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