Appeal to PM to make India Personal Income Tax Mukt
a) ITR 1 3,03,00,000
b) ITR 2 57,60,000
c) ITR 3 1,02,00,000
d) ITR 4 1,75,00,000
The above data shows that less than 5% of population is filing ITRs. Central Board of Direct Taxes (CBDT) said on Twitter, “CBDT issues refunds of over Rs 1,54,302 crores to more than 1.59 crore taxpayers from April 1, 2021 to Jan 10, 2022.
We appeal to PM to make India personal income tax free. The advantages of taking this step are many. Crores of hours spent in calculating TDS, depositing TDS, issuing Form 16,filing of ITRs, Assessment of ITRs, Issue of refunds etc. will be available for doing other productive work. Public will deposit their money in banks without fear. Cash transactions will reduce.
We request Local Circles to escalate this appeal. more