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Tracking of High Value Transactions by Income Tax Department; Additional Tax of ₹ 4733.61 Crore Collected and 3068662 New Returns Filed due to Non-Filer Monitoring System (NMS)

Dated:- 13-5-2015 - During the year 2013, 2014 and 2015 (up to 31.3.2015), Income Tax Department has through its Non-filer Monitoring System (NMS) identified 12.9 lakh, 22.09 lakh and 44.09 lakh cases respectively, as non-filers of return, though having potential tax liabilities. As a result of the exercise, 30,68,662 new returns have been filed and additional tax of ₹ 4733.61 crore has been collected in the year 2013, 2014 and up to 31.3.2015 in the year 2015. Further follow up action is .....

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