The demonetisation move has been fruitful for the Government as the number of I-T returns filed for 2016-17 year grew by 25 per cent to 2.82 crore. “As a result of demonetisation and Operation Clean Money, there is a substantial increase in the number of Income Tax Returns (ITRs) filed,” an official statement said on Monday.
The growth in ITRs filed by individuals is 25.3 per cent with over 2.79 crore returns having been received up to August 5 as against over 2.22 crore returns filed in the corresponding period last fiscal.