Income tax filing for majority ( tax payers not liable to audit ) of tax payers ended on 31st Aug 2019. Income tax department came out with tax filing statistics and revealed a persistent trend : very heavy volume during last few days.
- 9% of total returns were filed on the last day.
- 26% of total returns were filed during last 5 days.
You can read the complete details in this Press Release
This tendency on the part of tax payers to defer / procrastinate work till the last day, puts severe pressure on all stakeholders. It may result in erroneous filing because of stress of meeting the deadline.
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