Tax filing falls 1% in FY19,indicating overall slowdown

May 02, 2019 |
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Investments
Tax filing falls 1% in FY19,indicating overall slowdown

The number of people filing income tax returns has declined by a full 1 percent in fiscal 2019, despite the increased government focus to broaden the base, indicating a deepening slowdown in the overall economy, says a brokerage report.

It can be noted that the government has been pointing to the enlarged tax base as a benefit of the controversial demonetisation move it undertook in 2016, which had a debilitating impact on the economy.

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