Some sort of last-ditch effort to satisfy revenue targets, the Income tax Department will always be sending out text letters to 23 lakh assessees that have not filed returns.
“We have discovered 23 lakh those who have invested their income, but have certainly not filed returns. I will be sending out letters for them asking them information on their tax returns, ” an public said.
The I-T department is spreading it’s net over folks who conducted high-value deals in 2010-11 and 2011-12. The government is trying to meet it’s revenue collection target due to this financial year.
“We will attempt to recover taxes in the bigger defaulters by simply March. We will likely be sending details regarding the non-filers and stop-filers towards respective assessing officers, ” the public added.
The tax department has already issued letters inside 2. 45 lakh instances.
The Finance Ministry is also developing a modal on the e-filing portal which will provide individual taxpayers information on returns not submitted, ITR-V not submitted and demands certainly not paid, among others, as a action toward greater visibility.
The government plans to recover over Rs 6. 68 lakh crore from direct taxes in this particular financial year, up 18 per cent from Rs 5. 65 lakh crore inside 2012-13.