The new trend of e-filing is evident from the data released by Government. There is an 18% increase of people taking the electronic route from the paper submission methods.
KRC TIMES Desk
With technologies simplifying our lives to some extent, paying taxes too have also got simplified these days. It seems quite evident with the data of 18% increase in the number of electronic submissions made lately.
It is stated that during Financial year 2017-18, out of a total of 6.75 crores (approx.) ITRs which were e-filed, 5.47 crores ITRs were filed for 2017-18 (the current year). In comparison, during F.Y. 2018-19, a total of 6.68 crore ITRs were e-filed which included 6.49 crore ITRs of current year 2018-19 marking an increase of almost 18%. This would imply that substantially larger number of taxpayers filed their ITRs electronically in the F.Y. 2018-19 as compared to F.Y. 2017-18.
There have been some incorrect reports in media pertaining to reduction in numbers of Income Tax Returns (ITR) e-filed during Financial Year (F.Y.) 2018-19 as compared to F.Y. 2017-18. This is factually untrue, because the figures for F.Y. 2017-18 and F.Y. 2018-19 are not directly comparable.
These figures are also available in the Tab-> ‘Filing count ‘ on the e-filing website.
It is also stated that the number of papers ITRs for A.Y. 2017-18 was only 9.2 lakh (1.36% of total ITRs filed) and the number of papers ITRs for A.Y. 2018-19 is 4.8 lakh (0.72% of total ITRs filed). As per the above details, it is evident that most of the taxpayers have steadily switched to e-filing which is clear from the dwindling numbers of paper returns filed for A.Y. 2018-19 compared to earlier years.
