I-T verification starts, 11 lakh tax notices on the way

The Income Tax Department’s newly set-up Centralised Verification Centre (CenVC) is planning to send the first set of e-tax notices to ‘non-filers’, starting this week. There are a total of about 11 lakh cases under scanner where I-T returns have not been filed. The notices will be issued under section 133C of the Income-Tax Act, which was notified last week.

The first set of notices are being sent to the non-filers who have made a financial transaction but haven’t filed their tax returns. A large number of these cases are from the demonetisation period. If we don’t get any response, the cases would be referred to the assessing officer for scrutiny,” said I-T department sources. “Right now, the vetting is going on to eliminate the cases in which some kind of response has come. About 70,000 people had also filed income tax returns,” sources added.

The CenVC has been tasked with the verification of all the income returns filed by the taxpayers in the country. As many as 6.44 crore taxpayers have filed their income tax returns so far during this year.

Source:https://www.dnaindia.com/business/report-i-t-verification-starts-11-lakh-tax-notices-on-the-way-2731180

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