NEW DELHI, Mar 6:
Over 40 lakh new assessees have been brought within the tax net over the last year and their number is increasing every day, the CBDT has said.
Complimenting the Income Tax department for expanding the tax base by getting in the net more and more ‘capable-to-pay taxes’ people, CBDT Chairman Atulesh Jindal said the government coffers have also got a very “substantial” revenue from these entities.
“We are very, very conscious of the fact that we have to expand our tax base and, as we have always said, we are making good use of information technology tools in this exercise. We have added over 40 lakh new taxpayers over the last year and we have got substantial taxes from them,” Jindal said.
The Central Board of Direct Taxes boss said the new taxpayers have been added as part of two major initiatives undertaken by the department over the last year— the Non-Filers Management System (NMS) and a special drive to add 1 crore new assessees in the current financial year.
The NMS is run with the help of available information technology tools and e-database information with the IT department. Once the taxman finds that an individual has the capability to pay taxes but is either not reporting or under-reporting his income, then a notice is sent to him for compliance. (PTI)
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