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Nearly 70 lakh income tax non-filers identified for 2015-16

By Newsd
Updated on :
Tamil Nadu: Income Tax raids 33 places belonging to three business groups
Source: Moneycontrol

An additional 67.54 lakh potential non-filers who performed hefty transactions in 2014-15 but did not file returns has been identified by the Income Tax Department. The Systems Directorate of Central Board of Direct Taxes (CBDT) – the policy making body of I-T Department, initiated the Non-Filers Monitoring System (NMS) to identify non-filers with potential tax liabilities.

“The Income Tax Department has conducted the fifth cycle of data matching which has identified an additional 67.54 lakh potential non-filers who have carried out high-value transactions in the financial year 2014-15 but did not file returns for the relevant assessment year i.e. AY 2015-16,” CBDT said in a statement.

“While the government urges all taxpayers to disclose their true income and pay taxes accordingly, the Department would continue to pursue the non-filers vigorously till all the high potential non-filers are covered,” the statement added.

CBDT has made accessible the info regarding the identified non-filers in the ‘Compliance Module’ on the e-filing portal of the Income Tax Department. The data will be visible only to the specific PAN holder when they log into the e-filing portal at https.//incometaxindiaefiling.gov.in.

“The PAN holder will be able to respond electronically and retain a copy of the submitted response for record purpose,” said CBDT.

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