« Top Headlines » Open DEMAT Account in 24 hrs  MEF 2024-25 Now Open: Submit Your Multipurpose Empanelment Form at MEFICAI.org Before October 7  Best Tax Saving Investments for Senior Citizens in 2024  60 LPA Opening Manager - Business Finance  Didn't Receive the Income Tax Refund? This Might Be the Reason  Why we need a new Income-Tax Act  ITR 2024: No tax refund yet? Here's why it's delayed and how to check  ITR Filing: Income Tax Refund Not Received Yet? Here's What to Do Now «  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'.