Taxpayers take note! Income Tax department recovers Rs 37,000 crore from individuals not filing returns despite taxable income

The Income Tax Department has recovered Rs 37,000 crore over the past 20 months from individuals who failed to file returns despite significant spending. Officials used data analytics and transaction records like luxury purchases to identify non-compliant taxpayers.

Dec 16, 2024 - 13:00

Taxpayers take note! Income Tax department recovers Rs 37,000 crore from individuals not filing returns despite taxable income

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The Income Tax Department has recovered Rs 37,000 crore over the past 20 months from individuals who failed to file returns despite significant spending. Officials used data analytics and transaction records like luxury purchases to identify non-compliant taxpayers.