« Top Headlines » Open DEMAT Account in 24 hrs  Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch  Top 10 income tax changes from 2024 to look out for while filing ITR in 2025  15 income tax rule changes in 2024 that will impact your ITR filing in 2025   How to check income tax return (ITR) status  Income tax rules: How much cash can you receive in one day to avoid an I-T notice?  Tax saving tips: How you can reduce tax burden under the new regime «  Net direct tax collections top Rs 1 lakh cr... Tax services or we will: Centre... » Income tax dept may scrutinise more returns December, 04th 2006 The income tax department is planning to raise the ceiling of two per cent for taking up returns for scrutiny to unearth tax evasion by individual and corporate tax payers.    The Central Board of Direct Taxes (CBDT) has informed the Parliament's Standing Committee on Finance that in line with the recommendation of the committee, the IT department would consider increasing the ceiling of two per cent cases for scrutiny out of total returns filed every year.    More than four crore income tax returns are filed every year in the country. "Leaving a large percentage of tax returns unassessed might prompt the assesses to take a calculated risk in concealing their actual income," the committee, headed by BJP's B C Khanduri, noted in its 42nd report on 'Widening of Tax Base and Evasion of Tax'.