Demonetisation helped in increasing tax base, revenue: CBDT Chairman

The chairman of Central Board of Direct Taxes (CBDT) said that demonetisation has helped the country in increasing taxpayers. He further said, "Last year the contribution of the taxpayers was 52 per cent and the contribution of the indirect taxes was 48 per cent. It is for the first time that the contribution of the direct taxes is much more than the indirect taxes." He also added that, "The money had come into the bank account so it was easy for us to track as to how many persons have deposited the cash without corresponding the tax returns which they are filed".