CBDT identifies nearly 70 lakh non-filers of ITR in year 2014-15

New Delhi: The Income Tax Department in a statement said that approximately 67.54 lakh additional potential non-filers have been identified who carried out high-value transactions in year 2014-15 but did not file returns.

According to the senior I-T officials, "The Non-Filers Monitoring System (NMS) was initiated by the policy making body of I-T Department, Central Board of Direct Taxes (CBDT) for identification of non-filers with potential tax liabilities."

What CBDT said:

• The Income Tax Department has conducted the fifth cycle of data matching which has identified an additional 67.54 lakh potential non-filers who have carried out high-value transactions in the financial year 2014-15 but did not file returns for the relevant assessment year i.e. AY 2015-16.
• While the government urges all taxpayers to disclose their true income and pay taxes accordingly, the Department would continue to pursue the non-filers vigorously till all the high potential non-filers are covered.
• The information regarding these non filers has made available in the 'Compliance Module' on the e-filing portal of the Income Tax Department which would only be visible to the specific PAN holder when they log into the e-filing portal.
• The PAN holder will be able to respond electronically and retain a copy of the submitted response for record purpose.