I-T department finds 21.75 lakh non-filers of tax return

ENS Economic Bureau Posted online: Saturday, Feb 22, 2014 at 0000 hrs
New Delhi : Continuing its drive to nab tax evaders, the income tax department has identified additional 21.75 lakh potential non-filers. The department has already sent notices to 50,000 such entities, urging them to pay up.

The department has identified these cases through its data matching exercise and has made the same available on the e-filing portal of the department so that such PAN card holders can view the information and respond accordingly.

“The information will be shown only to the specific PAN holder when the PAN holder logs into e-filing portal. The PAN holder will be able to submit the response electronically and keep a print-out of the submitted response for record purposes,” an official statement said.

In February, last year, the I-T department had initiated a business intelligence project to identify PAN holders who have not filed I-T return and about whom specific information is available in Annual Information Return (AIR), Central Information Branch (CIB) data and TDS returns. The department zeroed in on 12.19 lakh non-filers holding Permanent Account Number (PAN).

Subsequently, the Income Tax department sent them letters containing summary of information about their financial transactions along with customised response sheet with a view to know why the person has not filed the income-tax return.

As a result, “5,36,220 returns have been received from the target segment. Self assessment tax of Rs 1,017.87 crore and advance tax of Rs 898.22 crore has also been paid by the target segment,” the statement said.

For taxpayers who have shifted to different locations, the department has sought help of field formations to catch hold of such evaders. The finance ministry said the exercise would continue till all potential non-filers are covered.

Taxing

* The department has identified these cases through its data matching exercise and has made the same available on its e-filing portal so that such PAN card holders can respond accordingly

* The department has already sent notices to 50,000 such entities, urging them to pay up.

* In February, last year, the I-T department had zeroed in on 12.19 lakh non-filers holding Permanent Account Number (PAN)