I-T dept spots taxpayers with high-value transactions in FY19 with no ITRs

The Income Tax Department on Saturday said it has identified certain individuals with high value transactions in 2018-19 who have either not filed returns or have discrepancies in their ITRs.

The last date for filing as well as revising the Income Tax Return for Assessment Year 2019-20 (relevant to FY 2018-19) is July 31, 2020.

The department would be launching an 11 day e-campaign beginning July 20 to facilitate taxpayers/assessees who are either non-filers or have discrepancies/deficiency in their returns for the Fiscal year 2018-19 for ensuring voluntary compliance.

"Under this e-campaign the Income Tax Department will send email/SMS to identified taxpayers to