Income tax department tightens the grip to those people who
do not wish to pay income tax. The department has started letters to those people
who are high spenders but do not file income tax return. In this move the
department has chosen 12 lakh people for sending letters.
According to
department officials "The I-T department has
started follow up of around 12 lakh assessee who have not filed their returns
despite being high spenders,"
Out
of these 12 lakh people, in the first move, the department already issued
letters to 175000 assessee who are high spenders but not file income tax
return.
The
government wants to collect as much as it can the revenue from direct taxes and
in this move Finance Minister met the Income tax officials on 27 June 2013. They
discuss about widen the tax base to increase revenue collection.
Department
has set up a compliance management cell to trace the records of the people of
spending and filing the return. With the help of this cell, the department has
prepared a list of high spenders who do not file income tax return and includes
in tax evasion.
This
got positive response earlier when 1.75 lakh letters issued to the assessee as
many have started filing income tax return.
The finance ministry officials had verified the record of
annual information return (AIR), Central Information Branch (CIB) and TDS/TCS
returns. Besides,
they had also verified data available with the Financial
Intelligence Unit (FIU).
Government has set up the target of 6.68lakh crore this year
compare to 5.65 lakh crore previous year.
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