Maharashtra tops the list of states with the maximum number of individuals and entities filing Income Tax Returns (ITRs) using e-filing system of the tax department in the first four months of the current fiscal. According to tax data, around 49.64 lakh individuals and entities in Maharashtra have filed tax returns between April 1 and August 5. According to the tax data, the tax agency has received 24.06 lakh e-returns from Uttar Pradesh, followed by 22.71 lakh returns from Gujarat and 19.81 lakh and 18.61 lakh from Karnataka and Delhi, respectively. Earlier in August, the Central Board of Direct Taxes (CBDT) said there is a 25 per cent increase in the number of ITRs filed in the current fiscal. Of the 2.82 crore e-returns filed, around 1.9 crore returns have been filed by individuals with an income of up to Rs 5 lakh.

Source: Indian Express September 01, 2017 22:18 UTC