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Report of the Committee for Recommending Standard Definition of Certain Terms

Income Tax - F.NO.309/11/2016-OT - Dated:- 22-4-2016 - F.NO.309/11/2016-OT Government of India Ministry of Finance Central Board of Direct Taxes New Delhi, dated 22nd April 2016 Sub : A Committee was constituted by the Board, vide OM of even number d .....

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;, "new assessee/taxpayer", "stop-filer/non-filer" etc. 2. The Committee deliberated upon the prevalent definitions/usage of these terms in the context of functioning of the Income Tax Department and also in the light of statutory .....

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To be defined with reference to a given Financial Year:- I. Tax-base - as on the first date of a Financial Year - Number of persons who have either filed ITRs, or in whose case tax has been paid, or deducted/collected (TDS/TCS), in any of the three .....

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Rs, or in whose case tax has been paid, or deducted/collected (TDS/TCS), for the first time, during the financial year under reference; III. Taxpayer - for a Financial Year - Any person who has either filed a return of income or in whose case tax has .....

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ormation is available on record to indicate that such person was liable to file ITR, or pay any tax, or tax was required to be deducted/collected (TDS/TCS) in respect of such person, during the financial year under reference; 2.2 To be defined with r .....

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for the reference assessment year; II. Non-filer - for a given Assessment Year - Any person who is liable to pay any tax, or file an ITR for the reference assessment year, as per information available on record, but no such ITR for the relevant asse .....

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