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Benefits of filing Income Tax Return
Refunds from the IT Department can be obtained only if income tax returns have been filed
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Govt borrowing in FY22 touches 58% of the budgeted amount
Direct tax collection rose 74% to ₹ 5.70 lakh crore in the same period
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Net direct tax mop up doubles to more than Rs 1.85 lakh cr
Gross collection of direct taxes for this fiscal stood at Rs 2.16 lakh crore, versus Rs 1.37 lakh crore in corresponding period of last year
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Indirect tax revenue up 12% at Rs 10.71 lakh crore in FY21
In the Revised Estimates for 2020-21, the target was set at Rs 9.89 lakh crore
