Nearly 29,000 tax defaulters owe Rs 3,770 cr to govt
Quotes

Nearly 29,000 tax defaulters owe Rs 3,770 cr to govt

Last Updated: Monday, October 8, 2012, 22:00
 
 Comment 0
 
Nearly 29,000 tax defaulters owe Rs 3,770 cr to govt
New Delhi: Tax defaults by nearly 29,000 taxpayers aggregate to Rs 3,770 crore, according to a tax department's analysis of e-returns filed in 2012-13.

Asking these tax-payers to voluntarily come forward and pay their dues immediately, the Central Board of Direct Taxes (CBDT) said the failure to comply with the advice will attract penal action.

"Analysis of e-filed returns filed in the current financial year reveals that nearly 29,000 taxpayers, where committed tax payable was in excess of Rs 50,000, have defaulted on the payments aggregating to approximately Rs 3,770 crore," CBDT said in a statement.

The tax department further said, "It is also brought to the notice of such taxpayers that default in payment of self assessment tax may invite penal consequences".

The government has made it mandatory for individuals with income of over Rs 10 lakh to file their tax returns for 2011-12 electronically. Also, most of the companies are required to furnish the returns electronically.

The Income Tax Department had received 1.64 crore e-returns in 2011-12 financial year.

As on March 31, 2012, there were 19,684,592 tax payers who had registered for e-filing.

PTI



First Published: Monday, October 8, 2012, 22:00


Comments


comments powered by Disqus
World`s Top 10 Powerful Women
World`s Top 10 Powerful Women
New Age XUV500
New Age XUV500
Renault Kwid
Renault Kwid
Tata GenX Nano
Tata GenX Nano
2015 Indian Roadmaster
2015 Indian Roadmaster

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved