Government Once Again Urges all Tax Payers to Disclose Their True Income and Pay Appropriate Taxes
As part of its ongoing initiative, the Income Tax Department has sent today i.e. 27th May, 2013 letters to another batch of 35,000 non-filers. These persons were part of around 12 lakh non-filers identified as a result of data matching exercise. With this latest batch, the IT Department has now issued letters in 1,75,000 high priority cases.
The response to this initiative has been very encouraging and a large number of taxpayers have paid taxes and filed Income tax Returns. A compliance management cell has been set-up to monitor return filing and tax payment of the target segment.
The Income Tax Department has also initiated a Data Warehouse and Business Intelligence (DW & BI) Project to develop an integrated platform for effective utilisation of information to promote voluntary compliance and deter non-compliance.
The Government once again urged all the tax payers to disclose their true income and pay appropriate taxes.