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The Income Tax Department has unearthed undisclosed income worth Rs 30,444 crore in the ongoing fiscal year 2024-25, following 465 surveys conducted across the country, the Rajya Sabha was informed on Tuesday. Minister of State for Finance Pankaj Chaudhary, in a written reply, stated that the department acts promptly on credible information of direct tax evasion by launching suitable actions such as surveys, search and seizure operations, and assessments to bring such income under the tax net.
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FAQ :
As of FY25, the Income Tax Department has detected Rs 30,444 crore in undisclosed income.
The detection was made following 465 surveys conducted across the country.
In FY24, 737 surveys detected Rs 37,622 crore, and in FY23, 1,245 surveys found Rs 9,805 crore in undisclosed income. While the number of surveys is lower in FY25, the detected income is substantial.
The department also conducts search and seizure operations. In FY25 so far, assets worth Rs 2,504 crore have been seized from 1,437 groups searched.
These actions aim to improve tax compliance, increase transparency, curb the shadow economy, and deter tax evasion using data-driven and technology-enabled strategies.
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