Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: empanelment :: cpt :: due date for vat payment :: ACCOUNTING STANDARDS :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: VAT Audit :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
 How will goods and service tax impact state revenues?
 Tax officers can issue certificates to avoid taking TDS from NRIs
 India is second most complex tax jurisdiction
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017

Income Tax department identifies 21.75 lakh potential defaulters
February, 24th 2014

The Income Tax Department has identified 21.75 lakh PAN card holders who could be potential non-filers of income tax. IT assessing officers will identify potential defaulters from this list and pursue them.

“While the government urges all tax payers to disclose their true income and pay appropriate taxes, the Tax Department would continue to pursue the non-filers vigorously till all high potential non-filers are covered,” said an official statement issued here on Friday.

This is the second batch of potential non-filers that the IT department is pursing. In the first batch of the intelligence drive, launched in February 2013 for identifying PAN holders who have not filed income tax returns, the department collected Rs.10,17.87 crore as self assessment tax and Rs. 8,98.22 crore as advance tax. It also received more than 5.3 lakh returns.

Data from banks

To identify non-filers, the department culls details from its databases on high value real estate transactions, investments and other purchases, where PAN card numbers are quoted.

The data is sourced from banks and other agencies using the Annual Information Returns, Central Information Branch data and Tax Deducted at Source and Tax Collected at Source returns. In the first batch it identified 12.19 lakh PAN card holders who were potential non-tax filers. The IT department has sent letters to 50,000 of them.

The potential defaulters can electronically submit their responses to the taxman on the department’s e-filing portal, the statement said. It said information would be provided only to specific PAN holders when they log onto https://incometaxindia efiling.gov.in.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions