I-T refunds of Rs 1.7 lakh cr to hurt FY20 direct tax mop-up

Refunds have increased largely due to ease of online return filing and pre-filled form facility along with Aadhaar one-time-password authentication. Combined with a 10% increase in personal tax collections, this makes for a notable increase in refunds. Gross collections stood at Rs 9 lakh crore this year against Rs 9.11 lakh crore in the same period last year.

from Banking/Finance-Industry-Economic Times https://ift.tt/2GsSsle