In India, there are more than 60 million personal income-tax return filers and the total personal tax collection for the financial year 2021-22 is budgeted at $74 billion.
The entire process of ITR filing, processing by the tax authorities, reasons for selection of cases for assessment and issuance of refunds has undergone a massive change.
Read more in this Forbes Advisor India column by Dr. Suresh Surana, Founder, RSM India