Quick Summary
The Income Tax Department has intensified its crackdown on tax evasion, recovering ₹37,000 crore over the past 20 months from individuals who failed to file income tax returns despite having taxable income. This massive recovery is the result of targeted efforts leveraging data analytics and the Non
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FAQ :
The Income Tax Department has recovered £37,000 crore from individuals who did not file their income tax returns.
The recovery is primarily achieved through data analytics and the Non-Filer Monitoring System, which identifies individuals with taxable income who have not filed returns.
The department is analysing significant transactions since FY 2019-20, including cash purchases of gems and jewellery, luxury properties, and expensive holidays.
Out of the total £37,000 crore recovered, £1,320 crore came from individuals involved in high-value transactions.
Direct tax collections have seen a surge, increasing by 15.4% between April and November 2024, reaching £12.10 lakh crore.
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