INSUBCONTINENT EXCLUSIVE:
New Delhi: India had 8.22 crore taxpayers, which include individuals and corporates, in 2019-20, Finance Minister Nirmala Sitharaman
informed the Rajya Sabha on Tuesday."Total number of taxpayers for Accounting Year 2020-21 is 8,22,83,407
The projected total population of the country as on March 1, 2021....was 136.30 crore," Ms Sitharaman said.The number of taxpayers include
persons who pay income tax and corporate tax and who have either filed a Return of Income or in whose case tax has been deducted at
source.Sitharaman further said the government has implemented the non-filers monitoring system (NMS) which assimilates and analyses in-house
information as well as transactional data received from third-parties to identify such persons/entities who have undertaken high value
financial transactions with potential tax liabilities but have not filed their returns."The (tax) department seeks to bring more non-filers
into the tax net by formulating region-specific strategies by the field authorities for identifying potential non-filers, holding of
outreach programmes to encourage voluntary compliance and extensive use of mass media for creating awareness, issuing statutory notices to
enforce compliance, simplification in income-tax returns and filing process to encourage voluntary filing," she added.Further, e-mails and
