Filing of Income Tax Returns registers an upsurge of 71%

August 31 was the last day for filing tax returns by salaried individuals and those with business or professional income without the need for audit.

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NEW DELHI: Filing of income tax returns surged 71% on Saturday evening. The total number of ITRs e-filed up to 31st Aug was 5.42 crore as against 3.17 crore upto 31 Aug 2017.

Filing of Income Tax Returns registers an upsurge of 71% up to 31st August, 2018. The total number of #ITRs e-filed up to 31st Aug was 5.42 crore as against 3.17 crore upto 31 Aug 2017.

WATCH LIVE: https://t.co/VmPBiGSfkz — ABP News (@abpnewstv) September 1, 2018

Total number of income tax returns filed upto 31/08/2018 has shown remarkable growth of 71% crossing 5.42 crores. (1/2)

— Arun Jaitley (@arunjaitley) September 1, 2018

On Twitter Minister of Finance and Corporate Affairs, Arun Jaitley, said "A significant aspect has been the increase of 682% in the returns by persons adopting the presumptive income scheme. Congratulations to all the tax payers and the Income Tax Department for the continuous efforts in making India a more tax compliant society." August 31 was the last day for filing tax returns by salaried individuals and those with business or professional income without the need for audit. Earlier analysts said that the surge could be because of the penalty clause introduced from assessment year (AY) 2018-19 under which filing returns after the August 31 deadline will attract a penalty of up to Rs. 10,000. The deadline for filing the returns was extended last month for salaried individuals and those with business or professional income not requiring an audit to August 31 from July 31.