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The Central Board of Direct Taxes (CBDT) has requested its subject formations to succeed in out to such people from April 15.
“Many people and entities had their tax deducted at supply however didn’t file returns,” mentioned a senior official, who didn’t want to be recognized.
In 2022-23, there have been about 89 million taxpayers, whereas the returns filed have been 74 million. The variety of returns contains revised returns.
There have been probably 19.7 million people who didn’t file revenue tax returns regardless of having incurred TDS, the official mentioned.
Among the many non-filers, 19.3 million have been in particular person class, 28,000 have been in Hindu undivided household, about 121,000 have been corporations and the remaining have been in numerous different classes.
The official mentioned there have been different cases the place financial institution transactions linked to the everlasting account quantity have been very excessive, necessitating submitting of tax returns.
Officers have been instructed to succeed in out to people with correct information and knowledge, and clarify why they’re required to file returns.
The CBDT has details about 8,000-9,000 potential taxpayers in opposition to whom the division has definitive information of excessive ticket buy or excessive money deposit and who’re being despatched tax notices.
ET had reported about notices despatched to such taxpayers in February.
The official mentioned that in case of wilful defaulters, they should pay a penalty, however for taxpayers who’ve bona fide cause for the sudden revenue might have to offer an evidence or might must file a return.
The division is banking on the big quantity of information obtained by the tax division which has helped it establish such non-filers and detect any mismatch.
