Income Tax: Those who give wrong information in ITR are not well now … Income tax department came into action – income tax department to check tax evasion cases of taxpayers

Income Tax: Those who give wrong information in ITR are not well now … Income tax department came into action – income tax department to check tax evasion cases of taxpayers

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New Delhi: The Income Tax Department is now keeping an eye on those who buy expensive flats and houses, foreign tours and those who buy expensive vehicles. The department feels that there are some people in the country who do foreign tours, buy expensive flats and vehicles, but evade tax by under-reporting their income in income tax. Now the details of income given by them and the expenses incurred on the expensive flats and vehicles bought will be matched. If anything wrong or wrong is found then immediate action will be taken, notice will be sent. Final action will be taken after getting the reply to the notice.

According to a CBDT official, this time the target of direct tax collection for the current financial year has been fixed at Rs 16 lakh crore. As per the available data, till January 10, the total direct tax collection stood at Rs 14.71 lakh crore. After giving refunds, the tax collection stood at Rs 12.31 lakh crore. In such a situation, it will not be difficult to achieve the target of direct tax collection in the current financial year. That is, the target will be achieved. For the next financial year, a target of 15 to 20 per cent increase in direct tax collection has been set. This means that in the next financial year, Rs 19 lakh crore will be left for direct tax collection.

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tax evasion investigation

According to the official, in order to increase the direct tax collection in the next financial year, along with preventing tax evasion, it is also necessary to increase the number of taxpayers. Keeping this in view, this campaign will be launched. Under this campaign, it will be seen that how much income tax has been paid by those who are buying expensive vehicles and flat-houses or doing foreign tours. It will be seen whether such people are paying tax or not. Every aspect will be checked so that no one can evade tax in any way. This means that those who spend more will not be able to pay less tax by showing less income. They will have to show their correct income, pay correct tax.

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