Over 1.5 Crore Individuals To Be Contacted By Income Tax Department For Missing Tax Returns
Jammu, April 13 -- Tax Department To Reach Out To More Than 15 Million Taxpayers Who Skipped Return Filing
The Income Tax Department has its sights set on over 1.52 crore individuals who failed to submit their mandatory tax returns, despite meeting the criteria for filing. As per the Central Board of Direct Taxes (CBDT), these individuals had income exceeding the taxable limits or had tax deducted at their source but neglected to file returns for the financial year 2022-23.
According to sources, out of the estimated 8.9 crore taxpayers for FY2023, only 7.4 crore returns were submitted. This indicates there is a discrepancy of 1.97 crore returns. Upon further analysis, the CBDT found 1.52 crore cases belonged to individual filers while t...
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