Quick Summary
The Income Tax Department has embarked on a vigorous drive targeting individuals and entities obligated to file their Income Tax Returns (ITR) but have yet to do so. According to a report, the department has identified a staggering 1.52 crore such individuals who, despite having taxable income or tax deducted at source (TDS), have failed to fulfill their filing obligations. The Central Board of Direct Taxes (CBDT) has issued directives to its field formations to commence outreach to these def
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FAQ :
The Income Tax Department has identified 1.52 crore individuals and entities who are obligated to file their Income Tax Returns but have not done so.
Field formations have been instructed to commence outreach to these non-filers starting from April 15th.
In the fiscal year 2022-23, out of approximately 8.9 crore taxpayers, only 7.4 crore filed their returns, including revised submissions.
Among the non-filers, there are 1.93 crore individuals, 28,000 Hindu Undivided Families (HUFs), and 1.21 lakh firms, with others falling into various categories.
Individuals found to be willfully evading tax obligations may face penalties. Those with valid reasons for income fluctuations will need to provide explanations or file returns.
The CBDT recently disclosed a significant surge in net direct tax collections, showing a 19.88% growth to over Rs 18.90 lakh crore by March 17th, driven by robust advance tax collections.
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