Over 2 lakh non-filers filed IT returns in FY’18, paid Rs 6,416 cr tax

New Delhi: As many as 2.09 lakh ‘non-filers’ filed income tax returns in last fiscal and paid taxes worth Rs 6,416 crore, Minister of State for Finance Shiv Pratap Shukla said.
In a written reply to a question in the Rajya Sabha, he said the I-T department issued notices to 3.04 lakh persons who had deposited cash of more than Rs 10 lakh post demonetisation but had not filed their return of income till the due date. “As a result, returns were filed by 2.09 lakh of such identified non-filers who have paid self assessment tax of Rs 6,416 crore,” Shukla said.
He said sustained non-intrusive campaign last fiscal led to 18 per cent jump in direct tax collection to Rs 10.03 lakh crore. Also, collection of personal advance tax and personal self-assessment tax grew 23.4 per cent and 29.9 per cent respectively.
Besides, Enforcement Directorate has registered 37 cases under the provisions of Prevention of Money Laundering Act, 2002, in connection with the irregularities relating to the demonetisation.
“Investigations in these cases resulted in attachment of properties worth Rs 144.71 crore and seizure of gold weighing 7.538 kg. Moreover, 18 persons were arrested under the provisions of PMLA, 2022, in connection with irregularities relating to demonetisation,” Shukla said.

(Except for the headline, this story has not been edited by The Kashmir Monitor staff and is published from a syndicated feed.)