Accordingly in a first in recent history of tax filings, income tax e-filings in FY19 have dropped by more than 6.6 lakh, a trend that analysts said was surprising as tax base was expected to increase post demonetization.
Meanwhile according to statistics put out on Income Tax Department's e-filing website, income tax e-filings in FY 2018-19 was 6.68 crore, down from 6.74 crore in the previous fiscal. Reportedly E-filers in FY 2016-17 were 5.28 crore. Kotak Economic Research in an April 30 report said "We are surprised with the decline in income tax e-filing in FY19."
According to statistics put out on Income Tax Department's e-filing website, income tax e-filings in FY 2018-19 was 6.68 crore, down from 6.74 crore in the previous fiscal.