Taxman chasing 80,000 cases where returns not filed post DeMo: CBDT chairman

Image
Press Trust of India New Delhi
Last Updated : Nov 14 2018 | 7:50 PM IST

The Income Tax Department is "chasing" 80,000 cases where people have not filed their returns, post demonetisation, despite the taxman sending them notices to do so, a senior official said Wednesday.

CBDT Chairman Sushil Chandra, after inaugurating a stall of the I-T Department at the India International Trade Fair at Pragati Maidan here, said the department has also identified nearly 80 lakh people who had filed their returns during the past three years but have not done that so far.

The top boss of the department said the November 2016 decision to demonetise high-value currency "really helped in increasing the tax base in the country and as well as the net revenue of this country from direct taxes."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 14 2018 | 7:50 PM IST

Next Story