Press Release, dated 11-2-2013
The Union
Finance Minister Shri P. Chidambaram has repeatedly emphasized that there is need
for a non-intrusive tax administration to enable the tax payer to file his
return and pay appropriate taxes.
In the statement
made by the Revenue Secretary to the media on 10th December 2012, he had stated
that there is no advantage in suppressing the true income or avoiding paying
income tax that is due because, sooner or later, the information available with
the Income Tax Department will lead the department to the doors of such
persons.
The Directorate
of Systems of the Income Tax Department has undertaken a business intelligence
project to identify PAN holders who have not filed Income Tax Return and about
whom specific information is available in 148 information codes of Annual
Information Return (AIR), Central Information Branch (CIB) data and TDS/TCS
Returns. Information in the Cash Transaction Reports (CTRs) of FIU-IND has also
been included as part of this data matching exercise. This data analysis has
identified target segment of 12,19,832 non-filers linked to more than
4.7 crore information records. Rule based algorithms have been used to identify
high priority cases for follow-up and monitoring.
In the first
batch, letters are being sent to 35,170 PAN holders by the Directorate
of Intelligence and Criminal Investigation. The letter contains the summary of
the information of financial transaction(s) along with a customized response
sheet and seeks to know whether the person had filed his Income Tax return or
not. A Nodal cell has been set up to capture the response and take follow-up
action. There will be an online monitoring system to ensure follow-up action
and track return filing and tax payment of the target segment.
The
Government would once again urge all tax payers to disclose their true income
and pay appropriate taxes within the current financial year.
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