No more filing of income-tax returns at post offices !

The income tax department is planning to withdraw a facility introduced last year for filing tax returns at around 2,000 post offices, owing to incomplete and inaccurate returns. Nearly 350,000 returns were filed through post offices last year. “Many returns did not even contain the permanent account number and circle name and had a branch code number instead of the bank’s MICR (magnetic ink character recognition) code,” said a revenue department official, confirming the move. This has

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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