Gathered Political

Government Targets To Add 1.3 Crore Income Tax Filers This Fiscal

Income Tax
Income Tax

Parliament was informed on Monday that the government had set an aim of supplementing 1.3 crore income tax filers in the present financial year against 1.1 crore new filers last year. In Assessment Year 2018-19 there were 8.44 crore taxpayers. This comprised individual who did not file an income tax return but in whose case TDS has been deducted from source during Financial Year 2017-18 as well as persons who filed a return of income for Assessment Year 2018-19.

“The Government has fixed a target of adding 1.3 crore new income tax return filers during the current financial year as against 1.1 crores new filer added during FY 2018-19,” Minister of State for Finance Anurag Thakur said in a written reply to a question in the Lok Sabha.

For accomplishing this target, various measures are being taken including classification of potential non-filers through centralized Non-filer Monitoring System (NMS), formulation of region-specific strategies for identifying potential non-filers, issue of statutory notices to make compliance, simplification in income-tax returns and filing process to encourage voluntary filing, etc.

Answering to a different question, Thakur stated 46,13,91,168 Permanent Account Numbers (PANs) had been designated as on July 30, 2019.

Moreover, there are approximately 30,618 PAN-TIN (Tax Identification Number) facilitation centers all over India.