« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Dial a tax preparer and file returns in a jiffy... Minister cautions against bill-less trading... » I-T reading pvt colleges' books July, 26th 2007 Educational institutes having exorbitant fee structures have caught the attention of taxmen. The income-tax department has decided to scrutinise cases of all private educational institutions, schools and universities that have annual gross receipts of more than Rs 10 crore in big cities and more than Rs 5 crore in small cities. The receipts would also include donations received by the institutions. A large number of private schools, both pre-primary and higher education institutes, mushroomed in the country in last few years. Most of the centres claiming tieups with foreign institutes have outrageous fee tags even in the pre-primary segment. In fact, some of the institutions have a tendency to take part-payment of admission charges in cash. The intelligence wing of the department recently collected information like fee structures and number of students about select private institutes in a few cities. The data collected will be passed on to field formations who could use it in their assessments and to keep a tab on evasion, a department source said. The income-tax department is also planning to closely scrutinise the returns of institutes that have annual receipts of more than Rs 10 crore in cities like Delhi, Mumbai Chennai, Kolkata, Pune, Hyderabad, Bangalore and Ahmedabad and Rs 5 crore in other cities. The department has turned its focus towards non-traditional sectors that have seen a rapid rise in the last few years. Sources said the education sector could be one such area that could be tracked for potential tax evasion. Increased scrutiny of returns is part of the exercise as it helps the department detect concealed income in a non-invasive way.