AP News IT collections up 50% in Andhra, taxyantra.com will help further
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| IT collections up 50% in Andhra, taxyantra.com will help further |
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Income-tax collections in the State during the first quarter of the
current fiscal registered 50 per cent growth over the corresponding
period last year, aggregating to over Rs. 2,000 crore, said Chief
Commissioner, Income-Tax, Andhra Pradesh, D.V. Dharmik. He was speaking to press after the official launch of www.taxyantra.com, a website that allows Indians file their tax returns from anywhere in the globe. There were an estimated 12,000 small, medium and big companies operating in the State and such user-friendly products like TaxYantra will go a long way in widening the IT Department’s tax-payer base, Mr. Dharmik said. The product is an initiative of four Indian School of Business (ISB) alumni. M. Rammohan Rao, the ISB’s Dean, said the school actively encouraged entrepreneurship by creating the right learning environment. TaxYantra was a validation of ISB’s efforts in grooming next generation business leaders, he said. Earlier, Nitin Vyakaranam, Director, ‘arthayantra’, the company that came up with the e-filing facility said the website had logged over 50,000 hits in the past four days since the announcement was made. It was primarily meant to de-mystify the procedures of paying income tax and filing returns, he said.             |