Budget 2019: 99.54% returns accepted without any scrutiny
Updated:7 years ago
New Delhi, Feb 01 (ANI): Union Finance Minister Piyush Goyal on Friday presented the interim Budget 2019 and said, “In the last 5 years under all categories of workers, minimum wages increased by 42% which is the highest ever. Simplification of direct tax system will benefit taxpayers; direct tax reduced and tax interface made simpler and faceless to make life easier; resulting in increase in tax collections and return filings. 99.54% returns have been accepted without any scrutiny.” He added, “Within almost two years, almost all assessment and verification of IT returns will be done electronically by an anonymized tax system without any intervention by tax officials.”
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