CBDT identifies non-filers through Non-filers Monitoring System (NMS) by using Data Analytics and request the Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days https://www.taxtmi.com/news?id=20974 The Non-filers Monitoring System (NMS) identifies persons with high-value transactions in FY 2017-18 who have not filed returns for AY 2018-19 using SFT, TDS/TCS, remittances and trade data. Identified taxpayers are asked to assess liability and either file the ITR or submit an electronic response on the Compliance Portal; e-verification is enabled and user guidance is provided. If responses are satisfactory matters will be closed online, but failure to file or respond may lead to initiation of proceedings under the Income-tax Act, 1961. en-us Tue, 22 Jan 2019 18:30:00 +0530 Tue, 22 Jan 2019 18:30:00 +0530 TaxTMI RSS Generator CBDT identifies non-filers through Non-filers Monitoring System (NMS) by using Data Analytics and request the Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days https://www.taxtmi.com/news?id=20974 The Non-filers Monitoring System (NMS) identifies persons with high-value transactions in FY 2017-18 who have not filed returns for AY 2018-19 using SFT, TDS/TCS, remittances and trade data. Identified taxpayers are asked to assess liability and either file the ITR or submit an electronic response on the Compliance Portal; e-verification is enabled and user guidance is provided. If responses are satisfactory matters will be closed online, but failure to file or respond may lead to initiation of proceedings under the Income-tax Act, 1961. News - Tue, 22 Jan 2019 18:30:00 +0530 https://www.taxtmi.com/news?id=20974