I-T dept identifies 6.75 million potential non-filers for FY15

23 Dec 2016

1

The Non-filers Monitoring System (NMS) rolled out for identification of those who do not file income tax returns has identified over 6.7 million assessees with potential tax liabilities in the assessment year 2015-16, an government statement on on Thursday showed.

Data analytics carried out by the Systems Directorate of the Central Board of Direct Taxes (CBDT) identified these non-filers who carried out high value transactions in 2014-15 but did not file return of income, the release stated.

"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 return of income for the relevant assessment year i.e. AY 2015-16," CBDT said in a statement.

Non-filers have been identified based on data analytics carried out by the Systems Directorate of Central Board of Direct Taxes (CBDT) about whom specific information is available in the Annual Information Return (AIR), Central Information Branch (CIB) and TDS/TCS databases.

"While the government urges all tax payers 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 said.

CBDT has made available in the 'Compliance Module' on the e-filing portal of the Income Tax Department the information relating to the identified non-filers.

The information 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," CBDT added.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more