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Dec 11, 2017
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Taxman pressing ahead with prosecution notices
As tax officials chase to meet stiff revenue targets amid sluggish growth, there is a sudden surge in prosecution notices slapped by the income tax (I-T) department. Till now prosecution provision was invoked sparingly and primarily on wilful tax evaders. Now, prosecution proceedings are being initiated for not filing tax returns or for short or even delayed remittance of tax deducted at source (TDS) by business entities. "A list of 8,000-odd non-filers (of tax return) with a past record of earnings has been compiled (by the tax department).
Source -
https://economictimes.indiatimes.com
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