Income Tax

Potential non income tax return Filers for FY 2014-15 identified on the basis of AIR, CIB and TDS/TCS databases using Non-filers Monitoring System

Potential non income tax return Filers for FY 2014-15 identified on the basis of AIR, CIB and TDS/TCS databases using Non-filers Monitoring System NMS

Ministry of Finance

Dated: 22/12/2016

Press Release

Income Tax Department Identifies 67.54 lakh Potential Non-Filers for F.Y. 2014-15
The Non-filers Monitoring System (NMS) was rolled out for identification of non-filers with potential tax liabilities. Data analytics carried out by the Systems Directorate of Central Board of Direct Taxes (CBDT) identifies non-filers about whom specific information is available in the AIR, CIB and TDS/TCS databases.

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 return of income for the relevant assessment year i.e. A.Y 2015-16. The information relating to the identified non-filers has been made available in the ‘Compliance Module’ on the e-filing portal of the Income Tax Department. The information will be visible only to the specific PAN holder when they log into the e-filing portal at https://incometaxindiaefiling.gov.in. The PAN holder will be able to respond electronically and retain a copy of the submitted response for record purpose.

While the Government urges all tax payers 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.

*****
Share

Recent Posts

  • consumer-protection

Software had nexus with generation of profits, purchaser can’t be said a consumer – SC

Purchase of software had a nexus with generation of profits, therefore purchaser was not a consumer under Consumer Protection Act…

3 hours ago
  • post office

Termination upheld of Postmaster who embezzled money by mere stamping passbooks

Termination upheld of Postmaster who embezzled deposit money by mere stamping passbooks of account holders. In a recent judgment, Hon'ble…

4 hours ago
  • GST

Supreme Court stays DGGI order on the issue of two parallel GST proceedings

Supreme Court stays DGGI order on the issue of bar on two parallel GST proceedings in terms of Section 6(2)(b)…

7 hours ago
  • Income Tax

Assessee can’t be said to indulged in penny stock sale without showing his involvement

Assessee could not said to indulged in penny stock sale on human probabilities without showing his involvement – ITAT deleted…

11 hours ago
  • Excise/Custom

Before staying CESTAT order High Court should have framed substantial questions of law – SC

Before staying CESTAT order the High Court should have framed the substantial questions of law and thereafter could have passed…

23 hours ago
  • CA CS CMA

CA issuing Form 15CB not required check genuineness of documents submitted

Chartered Accountant issuing Form 15CB not required check genuineness or otherwise of documents submitted by his clients – Supreme Court…

1 day ago