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Central Board of Direct Taxes (CBDT) Chairman Sangeeta Singh has said that the number of income tax returns has increased in FY22 over the previous fiscal. She noted that the number of income tax returns was 7.14 crore in FY22 as against 6.9 crore in the preceding financial year, showing a clear growth. She also said there is an increase in the base of taxpayers and the filing of revised returns.

The chairman stated that the Board is witnessing an increase in tax collection, which usually happens if the country is showing an upward trend in economic growth, and added that if the economic activities are going high, the purchases and sales will also increase. She noted that unless the economy is on an upward trend, taxes cannot go on an upward trend.

Singh said secondly, the department is also seeing growth in the payment of taxes because of the initiative and call by the government about digital India and added that during the COVID-19 period, people have started paying more digitally, which is probably leading to a change in the minds of the people. She said the initiative of providing information to the taxpayers is also contributing to the awareness about paying their taxes on time.  She said ‘we have also undertaken large-scale digitalisation over the years.’ As per the chairman, for FY22, the tax collection is more than Rs 14 lakh crore, which is fairly good compared to the collection for FY20.