Taxpayers within the state crossed six and a half million rupees in three years

In the final three years, the variety of revenue tax payers in Chhattisgarh has elevated by greater than 4 lakhs. A complete of 650000 taxpayers within the state had filed tax within the monetary 12 months 2016-17, which elevated to 1065714 within the monetary 12 months 2018-19. Whereas within the monetary 12 months 2019-20 and evaluation 12 months 2020-21, so excess of 9 lakh taxpayers have submitted the returns and the audited taxpayers need to submit the return by 15 February.

Tax specialists say that the primary cause behind rising variety of revenue tax payers on this means is that taxpayers are additionally changing into conscious that it’s prudent to fill their tax actually. For this, taxpayers are consistently being made conscious by the tax specialists together with the Income Tax Department.

The Income Tax Department has change into very strict nowadays within the matter of benami property. Along with this, new guidelines have additionally come. Now, these possessing benami property may also need to face the jail air together with the fantastic. Tax specialists say these with benami property should pay a penalty of 25 per cent as penalty. Also, he should face seven years of jail. The Income Tax Department is maintaining a detailed watch on such property. According to info obtained from tax specialists, when the regulation of benami property was made 28 years in the past, it was not as strict at the moment, however in 2016, these guidelines have been amended. Now it may be mentioned that when you purchased or deposited the property within the title of others, then you’ll undergo. The situation of demonetisation of taxpayers by the Income Tax Department can be being investigated. Tax professional Dinesh Tarawani says that taxpayers ought to fill your entire tax actually and don’t do something flawed. Don’t even take into consideration benami property particularly. Taxpayers with audits need to submit their revenue tax returns by 15 February.