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CBDT: Demonetisation had phenomenal positive impact

CBDT clarified that contrary to the report, it is a fact that demonetization had a phenomenal positive impact on the widening of tax base and direct tax collections. It said 6.87 crore Income Tax Returns were filed during FY 2017-18 as compared to 5.48 crore ITRs filed during FY 2016-17, translating into a growth of 25%.
 

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