Quick Summary
The Income Tax Department is gearing up to take stringent action against individuals who have failed to file their Income Tax Returns (ITRs) and those whose taxes have been deducted at source (TDS) but have not filed their returns. This move comes as part of the departments efforts to enhance compli
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Notices will be issued to individuals who have failed to file their Income Tax Returns (ITRs) and those whose taxes have been deducted at source (TDS) but have not filed their returns.
No, notices will only be dispatched to taxpayers for whom the department possesses concrete information indicating non-compliance, according to CBDT Chairman Nitin Gupta.
Failure to file ITRs can attract penalties and increase the likelihood of further scrutiny from tax authorities.
The CBDT is focusing on enhancing taxpayer services by reducing refund processing times, facilitating updated returns, and resolving tax disputes.
Taxpayers are encouraged to proactively engage with the department and ensure timely filing of their returns to avoid potential penalties or legal consequences.
CAclubindia
