Above 15 lakhs who do not file tax returns on big transactions, Maharashtra leads, UP not less

  • Post category:Business

In the financial year 2018-19, the number of people doing big transactions and not filing tax returns is more than 15 lakhs. The government has said this in response to a question asked by the government in Parliament. According to the information, the Income Tax Department has implemented a non-filers monitoring system ie NMS. This system collects and analyzes pre-existing information as well as third party data associated with a person’s transaction. Through this system, it is learned that millions of people have done big transactions, but have not filed tax returns.

Also Read: Record 6.35 Crore E-Returns File, Nearly One Lakh Crore Excess Tax Collection Till Feb 15

Notices to such people have started coming from the department and information is being sought from them. According to the Income Tax Department, tax evasion is on the decline due to compulsory PAN card on all services such as foreign travel, demat accounts, shares, bonds, insurance, and promotion of artificial intelligence in the system.

Maharashtra at the top, no less than UP

Maharashtra tops the list with 2.83 lakh people. 1.51 lakh in Tamil Nadu, 1.45 lakh in Andhra Pradesh, 1.34 lakh in Karnataka, 1.08 lakh people have not filed tax returns. 73 thousand people have not filed returns in Delhi, 50 thousand in Haryana, 35 thousand in Bihar, 17 thousand in Jharkhand and about 10 thousand in Uttarakhand.

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