After failing to receive much response from Pradhan Mantri Garib Kalyan Yojana (PMGKY) – an income declaration scheme, the income-tax department has launched the second phase of operation ‘Clean Money.’ The mission, launched on January 31, was initiated to trace black money post-demonetisation and under the move, the I-T department[Read More…]
Tag: I-T Department
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…]