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CBDT has noticed that 5,09,898/- taxpayers who have submitted an return for AY 2011-12 or 2012-13 or AY 2013-14 (Upto 20th October 2014) with returned Income of More than 10 Lakh or paid self assessment tax of more than / equal to one lakh (as per ITR) have not filed ITR for AY 2014-15.
in view of this Joint Director of Income-tax Systems has issued a letter dated 29.10.2014 and asked CCsIT to personally Monitor these cases. It has been stated that as a measure of revenue augmentation, a notice must be sent to the non-filers to furnish their returns for AY 2014-15
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if there is genuine error on the part of tax payer per natural justice he need to be reminded of his tax payment liability that way collections are a work of wisdom of revenue man.
This could be primarily on account of extension of Tax audit date. Many of these could be tax audit related returns. Department should have segregated this based on those who have filed returns with tax audit last year and then announced a more realistic figure.
I agree with Mr Venkat.
there may be some problem.a few of them might have died and their successors do not know what to do. what are the instructions to successors. how to inform tax authorities about the death.
clear instructions are required.