New Taxpayers, Disclosures, Tech Help Push Direct Tax Mop-Up, Says CBDT Chairman

CBDT Chairman Nitin Gupta announced positive developments in Delhi regarding tax filing and ITR (Income Tax Return) refunds. He noted a substantial growth with 53 lakh new taxpayers, indicating a 16% increase. This expansion in the taxpayer base is expected to enhance tax collection significantly. Furthermore, the use of technology is expediting the refund process for taxpayers, ensuring quick disbursement following return processing. These measures reflect efforts to streamline tax procedures and encourage compliance while improving the overall efficiency of the tax system.