New Delhi: Showing an increase of 15.7 per cent over the last year, the gross direct tax collections till November stood at Rs 6.75 lakh crore, according to provisional figures released on Monday. This was despite a 50 per cent rise in filing of income-tax returns over the last year.[Read More…]
Tag: CBDT
Cash deposits of Rs 2.89 lakh crore post demonetisation under radar: I-T dept
The Central Board of Direct Taxes (CBDT) on Thursday said that cash deposits of Rs 2.89 lakh crore, deposited after demonetisation, is under the radar of the income tax department. As many as 9.72 lakh persons have deposited the stated cash in 13.33 lakh accounts, the department said. Around 14,000[Read More…]
Rs 4.17 L cr suspicious deposits by 18 L people post note ban: CBDT
Nearly 70 lakh income tax non-filers identified for 2015-16
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[Read More…]