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11
October 2018
Finance Minister Arun Jaitleysaid Thursday
the number of direct taxpayersis expected to double to 7.6 crore during the
five-year term of the present government on account of various initiatives like
rationalisation of tax structure, lowering of rates and anti-black money
measures. "If we look at the functioning of the direct taxdepartment,
various factors like strict compliance, rationalisation of tax structure,
lowering the lowest slab, and the result of that has been...we are finding
15-20 per cent gradual increase in the tax collections every year," he
said.
He said this while delivering the valedictory
address at the 29th Conference of Accountants General here, organised by the
Comptroller and Auditor General (CAG).
The number of direct taxpayers was 3.8 crore
when the Modi-led government took office in May 2014.
"Four years ago, when we assumed office
the total number of people who filed tax returns in India was 3.80 crore. It's
already 6.86 crore last year, which is the fourth year. At the end of fifth
year, I do hope it will be something close to 7.6 crore or 7.5 crore, which
means that in five years we would have doubled the number of people filing tax
returns in India," he added.
He
attributed the increase in number of direct taxpayers to initiatives of the
government like anti-black money measures, formalisation of economy, use of
technology, ability to detect transactions. The Total Investment & Insurance Solutions
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