Surge in Zero-Tax Income Tax Returns: A Closer Look at India's Tax Landscape

Rashmi , Last updated: 25 July 2023 Share Follow on Google News

Introduction India witnessed a record number of Income Tax Return (ITR) filings in FY23, reaching an impressive 74 million. Surprisingly, a significant portion of these filings, 70% to be precise, were zero-tax ITRs, indicating that taxpayers claimed nil tax liability. The finance ministry releas

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About the Author

Rashmi

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I am a Chartered Accountant with over 2 decades of experience in Auditing, Taxation, Accounting, Due diligence. I am currently a Managing Partner at RRL Global Services. I can be reached at rrlglobal @ yahoo.com or @ 9811757230

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Surge in Zero-Tax Income Tax Returns: A Closer Look at India's Tax Landscape

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