Friday, November 6, 2015

Notice for submission of response to Non –Filers of Income Tax Return

Income Tax department has started sending notices to Non-Filers of return from PAN database. That means all PAN holders who are not filing Income Tax Return are receiving notice by E-mail or by post.
Income Tax department is sending notice for all earlier years where ever return is not filed and advising to submit online response by 15th of December, 2015. in three steps: 

Step 1: Login to e-filing portal
Step 2: View Information summary under compliance section on the portal & mention if the information relates to other PAN
Step 3: Upload Return or submit details  & keep the printout of submitted response for record.

However it seems easy to follow but tax payers are advised to take out the details from their Bank accounts first and if income is taxable then they should file the return otherwise there will be a heavy penalty on tax evasion. The Monitoring system started by the Income Tax Department called as NMS – Non Filers Monitoring System has been started as department is expecting a good potential of tax collection from Non-filers.