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Government says 73,388 taxpayers defaulted in 2012-13

  •   Wed, Mar 13 2013 04:46:15 PM

New Delhi, Mar 13 (IANS): The government Wednesday said 73,388 taxpayers have defaulted on payments aggregating to Rs.3,859 crore in the current financial year and steps would be taken to penalise them.

Taxpayers have defaulted on payments after filing self-assessment returns.

"Filing a return without paying the admitted amount of tax that is payable will render such taxpayer an assessee in default under the provisions of the Income Tax Act. Such taxpayers who default in payment of self-assessment tax may invite penal consequences," the finance ministry said in a statement.

The Income Tax Act requires that the tax payable on the returned income, after taking into account prepaid taxes, should be paid before furnishing the return.

An analysis of returns filed electronically in the current financial year (2012-13) reveals that nearly 73,388 taxpayers have defaulted on such payments aggregating to Rs.3,859 crore, the statement said.

  

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Comment on this article

  • Anilkumar, Managalore

    Wed, Mar 13 2013

    Govt knows to catch only those who the income or those who pay taxes and file returns. They will find out simple errors and harass them. What about the richer class, politicians, cricketers, actors, etc. who have tons of income and the Govt is not able to do anything or does not want to do anything?
    Please note that if you file returns, you will get a notice saying that you have to explain so many things in the returns filed. But if you dont file returns, nothing happens as long as you have taken sufficient care.
    This is India.

    DisAgree Agree [1] Reply Report Abuse


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