News On AIR | December 23, 2016 2:07 PM
Income Tax dept identifies additional 67.54 lakh potential non-filers
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News On AIR | December 23, 2016 2:07 PM
News On AIR | December 23, 2016 6:47 AM
Income Tax Department has identified an additional 67.54 lakh potential non-filers who carried out high value transactions in 2014-15 but did not file return of income for assessment year 2015-16. <br/><br/>An official release said, they have been identified after the IT Department conducted the fifth cycle of data matching.The Non-Filers Monitoring System (NMS) was initiated by CBDT, the policy making body of the Department, for identification of non-filers with potential tax liabilities.<br/><br/>It said, the department will continue to pursue the non-filers vigorously till all the high potential non-filers are covered. The information relating to the identified non-filers has been made available in the 'Compliance Module' on the e-filing portal of the Department. <br/><br/>The information will be visible only to the specific PAN holder when they log into the e-filing portal. The PAN holder will be able to respond electronically and retain a copy of the submitted response for record purpose.
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