‘Demonetisation pushed up income tax collections’
- | Saturday | 16th June, 2018
“Even without demonetisation, there is a steady annual growth in IT collections, but demonetisation has definitely helped during 2017-18,” he clarified. Shyamprasad Choudhury, Prinicipal Chief Commissioner of Income Tax,Andhra Pradesh and Telangana, at the Ayakar Seva Kendra in Visakhapatnam on Friday. Mr. Chitta Ranjan Pati, the Chief Commissioner of IT, Visakhapatnam, Principal Commissioner of IT-1, Visakhapatnam, B.G. In response to a query, he said that there was a definite positive impact on tax collections in the wake of demonetisation but it would take sometime to calculate the exact figure. He said the IT Department was not directly involved in the exercise of demonetisation, as the banks were.
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