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The Income Tax Department has identified an additional 67.54 lakh potential non-filers who carried out high-value transactions in 2014-15 but did not file returns. The Non-Filers Monitoring System (NMS) was initiated by CBDT, the policy making body of I-T Department, for identification of non-filers with potential tax liabilities. “The Income Tax Department has conducted the fifth cycle of data matching which has identified an additional 67.54 lakh potential non-filers who have carried out high-value transactions in the financial year 2014-15 but did not file returns for the relevant assessment year i.e. AY 2015-16,” CBDT said in a statement.




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