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News INCOME TAX

  • Oct 05, 2015
  • We don’t withhold refunds or scrutinise small taxpayers: CBDT

    The Income Tax department does not withhold refunds of small taxpayers nor does it generally select their tax returns for scrutiny and detailed analysis, the CBDT has said in an attempt to dispel two of the biggest concerns of this category of assesses.The chief of the apex policy-making body of the I-T department, CBDT Chairperson Anita Kapur, said she would like to bust the myth and "fear psychosis" that once people file their tax returns, they automatically come on the radar of the taxman and then they are tracked.

    Source - http://www.business-standard.com