AKASHVANI SAMACHAR BHARTI 2017

Prime Minister's National Relief Fund(PMNRF) and National Defence Fund(NDF)

All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961

Persons With Disabilities(Equal Opportunities,Protection of Rights and Full Participation) Act,1995

Finance Minister Arun Jaitley today said, the impact of demonetisation and GST implementation has resulted into higher formalisation of economy. In a tweet, Mr Jaitley said, this fact is further substantiated by filing of more than one crore IT returns by tax payers during the financial year 2017-18 in comparison to 2016-17. He said, direct tax collections for financial year 2017-18 has been 18 per cent higher than the previous financial year.

The Minister said, the data reveals the efficiency of tax department and rise in number of honest tax payers. He also said, this historical revenue receipt is a factual testimony of accountable governance under Prime Minister Narendra Modi's leadership.

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