I-T says no inconsistency in estimates of taxpayers after demonetisation

Clarification comes after there was a mismatch in figures shared by PM Modi and Eco Survey-II

The income tax department on Friday put to rest the controversy over the so-called inconsistency in the estimates of the number of taxpayers added after demonetisation.
 

The inconsistency was reported because Prime Minister Narendra Modi mentioned in his Independence Day speech that an additional 5.6 million people filed personal income tax returns from April 1 to August 5 in 2017, as compared to 2.2 million people in the same period last year.

Earlier, Volume 2 of the Economic Survey mentioned that around 5,40,000 new taxpayers were added post-demonetisation. Also, the country's finance minister, Arun Jaitley, had stated in May that