ITR NON FILER के लिए आखरी मौका I INCOME TAX RETURN
CA Satbir Singh
Summary
0:00 Centre Govt likely to intensify exercise against income tax evaders
0:25 How govt will track if Income Tax Return not filed ?
0:45 What are the tools to identify the taxpayer who dont file ITR ?
1:18 How many NMS cycles has been used by income tax department?
1:38 how many professional file above Rs 1 crore in india ?
1:53 How many filed itr after notices issued by NMS ?.
2:17 How to check income tax department notice if ITR not filed ?
2:59 How to responde income tax department Notice if ITR not flled?
3:19 How many ITR filed for AY 2021-22 till date ?
3:59 What is the income tax collection of India in AY 2021-22 ?
People who do not file tax returns are asked to assess their tax liabilities for the given assessment year and either
- file returns or
- submit an online response within a stipulated time, which is generally three weeks.
In case of no response, the department may initiate proceedings as per the law.
As on mid-March, over 6.63 crore tax returns have been filed for assessment year 2021-22, which shows less than 3% growth compared to the same period the previous year, according to latest official data.
The number is expected to rise as the last date of filing returns, revised returns, linking of Aadhaar and PAN, and compliance to e-proceedings for assessment is March 31, 2022
The net direct tax collection up to mid-March for financial year 2021-22, however, showed over 48% jump at ₹13.63 lakh crore, compared to ₹9.18 lakh crore in the corresponding period of the preceding financial year.
The net direct tax collection of ₹13,63,038.3 crore on March 16 include corporation income-tax at ₹7,19,035 crore and
personal income-tax, including security transaction tax at ₹6,40,588.3 crore, according to CBDT.
The net collection in 2021-22 so far is over 9% higher than the revised estimate of ₹12.50 lakh crore.
The gross direct tax collection before adjusting refunds, for 2021-22 was ₹15,50,364.20 crore on March 16, compared to ₹11,20,638.60 crore in the corresponding period of the preceding financial year.
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