tax returns (India)

Income Tax Department Sent Letters Today to Another Batch of 35,000 Non-Filers

As part of its ongoing initiative, the Income Tax Department has sent today i.e. 27th May, 2013 letters to another batch of 35,000 non-filers.  These persons were part of around 12 lakh non-filers identified as a result of data matching exercise. With this latest batch, the IT Department has now issued letters in 1,75,000 high priority cases. The response to this… Read More

Tags: Business intelligenceData WarehouseIncome taxIncome Tax DepartmentMay 2013Taxtax returns (India)United States

Government urges tax Payers to Disclose True income and pay Appropriate taxes within Current Financial Year

A Compliance Management Cell has been set-up to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment; 70,000 Letters are being sent in 2 Batches to High Priority Cases in this Month. The Union Finance Minister Shri P. Chidambaram has repeatedly emphasized that there is need for a nonintrusive tax… Read More

Tags: AccountingGovernment of IndiaIncome taxIncome Tax DepartmentP. ChidambaramTaxtax returns (India)

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