sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax

Check Your Booth
Details (North)

News Search:
Latest Expert Exchange
General »
 RBI-Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2018
 How senior citizens can avail tax break on interest income under Sec 80TTB a
 Listed companies paid a little less than a third of corporate tax in FY18
 Gifts received from relatives are not taxable
 Income tax return benefits: National Pension System (NPS) also offers this 'hidden' tax relief
 Big 4 audit companies may suffer revenue hit due to conflict of interest norms
 How much tax do you pay on your bond investments?
 Companies rush to reconcile financial results with state wise audit, seek extension of deadline
 Interim budget may include income tax announcements, says report
 All you need to know about tax benefits for senior, super senior citizens
 Where to invest money for the short term

Arun Jaitley pushes for more tax filing in FY19
October, 12th 2018

People who file tax returns should more than double to 75 million by end of March 2019, as compared to those who filed tax returns as of end March 2014, Union finance minister Arun Jaitley said on Thursday.

Greater formalization of the economy on account of implementation of the goods and services tax, steps taken to curb black money such as demonetization and introduction of a stringent black money Act and greater use of technology have helped in increasing tax collections and expanding the taxpayer base during the tenure of the National Democratic Alliance, he said.

Implementation of penalty provisions for late filing or non-filing of tax returns from this year is also likely to aid compliance and prompt filing of returns.

“Four years ago when we assumed office, the total number of people who filed tax returns in India was 3.8 crore. It was already 6.86 crore last year, which is the fourth year. At the end of the fifth year, I do hope it will be something close to 7.6 crore, which means that in five years we would have doubled the number of people filing tax returns in India,” he said at a conference organized by CAG.

He pointed out that tax collections have improved by 15-20% every year.

Jaitley pointed out that compliance has also improved as the tax slabs have been lowered.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions