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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Direct Tax »
 Net direct tax collection crosses ?10 lakh crore mark
 CBDT Widens Tax Dragnet on Notional Income through Section 56(2), but Loopholes Remain
 No respite from Angel Tax despite DPIIT notification
 Filing income tax returns before March 31 deadline? 5 TIPS to avoid last-minute calculation MISTAKES
 You may not be able to claim Income Tax refund, file ITR! Do this in the next 14 daysa
 How and when TDS deductions can be avoided
 Income Tax Department unearths huge violations in TDS deduction
 Received scrutiny notice from income-tax department? here's what you should do
 Exhausted Section 80C Income Tax saving options? No problem! Try these new ways if you are filing ITR this year
 CBDT to clarify on angel tax in a weeka
 CBDT allows offshore fund managers to operate from India

Income tax returns (ITR) filing: These are evasion cases picked up by Income-Tax department for scrutiny
August, 10th 2018

Central Board of Direct Taxes (CBDT) chairman Sushil Chandra said that the department has faith on the income tax payers, but will not allow evaders to scot free.

The Income-Tax department today said it has picked up only high tax evasion cases for scrutiny, which account for around 0.35% of the 6.86 crore returns filed for Assessment Year 2017-18.

Central Board of Direct Taxes (CBDT) chairman Sushil Chandra said that the department has faith on the income tax payers, but will not allow evaders to scot free.

“We have increased the tax base and have full faith on taxpayers. Last year, we got 6.86 crore returns and I have picked up only 0.35% cases for scrutiny. This means that 99.65% of the returns filed can be at peace,” Chandra said at an Assocham event.

He said out of this 0.35% cases picked up for scrutiny, 0.15% are for ‘limited scrutiny’ and 0.20% are for ‘full scrutiny’.

Scrutiny of Income Tax returns has been an issue of grievance for many assessees. Earlier about 1% of the income tax returns filed were picked up for scrutiny.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

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