Defaulter Income Tax 2024
Know What Income Tax department knows about you
• Annual Information Statement | AIS Fo...
Total Taxpayers vs. Filed Returns: In FY 2022-23, while there were around 8.9 crore income tax payers, only 7.4 crore returns were filed.
Categories of Defaulters: The majority of defaulters (1.93 crore) are individuals, followed by 28,000 Hindu Undivided Families (HUFs) and 1.21 lakh companies.
High Ticket Purchases and Cash Deposits: The department is also sending notices to potential taxpayers with records of high-ticket purchases or high cash deposits.
Remember: Filing your income tax returns accurately and on time is a legal obligation. It's crucial to avoid any penalties or complications by complying with tax regulations.
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