« Top Headlines » Open DEMAT Account in 24 hrs  Budget 2024 makes new income tax regime more attractive: See how much taxes you can now save  ITR filing 2024: New vs old income tax regimes, 6 key things to consider while filing your tax return  These five technical glitches may impact your Income tax return (ITR) filing. Know here  ITR filing 2023-24: How to optimise Section 80D deductions at the time of filing tax returns  ITR filing 2023-24: Top 7 mistakes to avoid for hassle-free income-tax return filing this year  Income tax returns for FY 2023-24: Keep these 8 tax law changes in mind while filing ITR this year  ITR Filing 2024: Know who can and cannot file income tax returns using ITR-1 this year  Income Tax Filing: 10 necessary guidelines that you must be aware of  Why you should file your income tax returns before July 31  What is Form 26AS? How to download Form 26AS to file Income Tax Return (ITR)  Income Tax Return: What are the alternatives to Form 16 that can be used while filing ITR? «  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'.