The Income Tax Department has said it has identified 21.75 lakh new potential non-filers, and urged all taxpayers to disclose their true income and pay appropriate taxes.The Finance Ministry in a statement issued in New Delhi has said, the information relating to the new non-filers has been made available on the Compliance Module on the e-filing portal of the I-T Department. The department had initiated a business intelligence project in February last year to identify PAN holders who have not filed I-T Return. It has already sent letters to the 50 thousand potential non-filers in the first batch. The I-T department is spreading its net over people who conducted high-value transactions in 2010-11 and 2011-12.The government is trying to meet its revenue collection target of over 6.68 lakh crore rupees from direct taxes in this financial year.
News On AIR | February 22, 2014 12:59 PM
IT Department identifies 21.75 lakh new potential non-filers and urges to disclose income and pay appropriate taxes