66% taxpayers opted for new ITR filing in current season: CBDT chairman

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About 66 per cent of taxpayers out of the over 4 crore filers have opted for the new regime for income tax return (ITR) filing during the current season till now, CBDT Chairman Ravi Agrawal said Wednesday.

He told PTI during a post-Budget interview that the focus of the government and the direct taxes administration is on "simplification" of the tax processes including filing of ITRs and conduct of other businesses with the Income Tax Department.

"This is also reflected from the fact that, as on date, the number of returns (ITRs) that have been filed till yesterday is significantly more than the returns filed during the same time in the corresponding (last) year," Agrawal said.

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Category: BusinessFinance

Markets: India

Topics: Income tax filings ITR filing CBDT chairman Taxpayers Income Tax Tax return

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 00:37:59 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 566 words

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News ID: 21764752

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