The government, while pointing out the success of demonetization in increasing tax compliance, said it added 1.06 crore new taxpayers in 2016-17, which is almost 25% more than that of the previous year. However, it also also a huge spike in the number of “stop filers” in 2016-17.
Read More
Central Board of Direct Taxes stressed over Aadhaar-PAN linking as “mandatory” for those filing an income-tax return. The deadline for completion of the linking of Aadhaar with PAN is March 31, 2019.
Read More