from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OhaujNc
The Income Tax Department in India has recently selected 68,000 cases for e-verification. This move is part of the department's efforts to improve tax compliance and prevent tax evasion. The cases were identified through data analytics and risk profiling, and the individuals involved have been notified via email or SMS to complete the e-verification process. E-verification is a process that requires taxpayers to confirm their tax returns and other financial information electronically, typically by logging into the income tax department's e-filing portal. The income tax department has been increasingly using data analytics and technology to identify non-compliant taxpayers and improve tax administration in the country. The department has urged taxpayers to complete the e-verification process promptly to avoid penalties and other consequences.
https://ift.tt/5jlFeDZ
