PTI
New Delhi
Income Tax department will consider information received from third party sources like banks, law enforcement agencies and foreign tax authorities for determining non-filers of income tax.
The Central Board of Direct Taxes (CBDT) had set up a committee to recommend standard definitions of certain commonly used terms relating to direct taxes.
Defining “non-filer” of I-T for a given Assessment Year, the committee said it is “any person who is liable to pay any tax or file an I-T Return ... as per information available on record, but no such ITR for the relevant assessment year has been entered on the system”.
The words 'information available on record' in the above definition would include information received from “departmental sources, third parties e.g. banks, financial intermediaries, law enforcement agencies, foreign tax authorities etc and information available in public domain”.
The definition would help remove subjectivity and discretion at the level of tax officers in interpreting the same and would bring parity in categorisation of data for the purpose of reporting.
Further, the CBDT has definited the words “tax paid” as Advance Tax, self-assessment tax, taxes deducted/collected at source (TDS/TCS), tax paid against regular assessment, Dividend Distribution Tax (DDT) etc.
