The Income Tax (IT) Department has started sending letters about 12 lakh assessees who are high spenders but do not file returns, a top finance ministry official said.
The department had earlier issued letters to 1.75 lakh high priority assessees for not filing tax returns.
Finance Minister Mr. P. Chidambaram had met top I -T officials recently to discuss ways to augment revenue collection & widen the tax base.
The tax department has prepared a list of non-filers based on their information records.
The department has set up a compliance management cell to monitor return filing & tax payment of the target segment.
The 1.75 lac letters which were sent earlier, contained the summary of the information of financial transaction(s) along with a customised response sheet.
The finance ministry officials had verified the record of annual information return (AIR), Central Information Branch (CIB) and TDS / TCS returns.
Besides, they had also verified data available with the Financial Intelligence Unit (FIU).
These letters were a part of the exercise to augment revenue undertaken by Mr. P. Chidambaram after he assumed charge of the Finance Ministry in August last year (2012).
Several assessees have started filing returns after receiving letters from the IT department.
The central government plans to collect above Rs. 6.68 lac crore from direct taxes in the current fiscal, up from Rs. 5.65 lac crore in the previous fiscal.
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