Income Tax will start a big campaign against tax evasion! Orders for big search and seizure operations till July 31

The board has directed that 60 per cent of the total target should be achieved through intrusive initiatives such as searches and raids, while 40 per cent should come from non-intrusive investigations, including data analysis and financial intelligence inputs. The move comes as part of a broader plan to bring in tax havens that evade tax authorities due to limited data availability and boost the country's revenue collection.

Apr 28, 2025 - 16:10
 0
Income Tax will start a big campaign against tax evasion! Orders for big search and seizure operations till July 31

The Central Board of Direct Taxes (CBDT) has directed the field offices of the Income Tax Department to intensify the drive against black money and tax evasion. Create a time-bound strategy to bring unreported and under-reported businesses under the tax net. The CBDT has asked each jurisdiction of the Income Tax Department to conduct at least one major search and seizure operation by July 31. In addition, there are instructions to conduct at least two additional search and seizure operations between August 2025 and March 2026. According to media reports, the CBDT is expected to detect undisclosed income of Rs 2.4 lakh crore during the current financial year. The board has directed that 60 per cent of the total target should be achieved through intrusive initiatives such as searches and raids, while 40 per cent should come from non-intrusive investigations, including data analysis and financial intelligence inputs. The move comes as part of a broader plan to bring in tax havens that evade tax authorities due to limited data availability and boost the country's revenue collection.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow