Your Lifestyle Speaks: Big Spends, Bigger Penalties – Big Brother is Watching

Your Lifestyle Speaks: Big Spends, Bigger Penalties – Big Brother is Watching

The Income Tax Department has successfully recovered ₹37,000 crore over the last 20 months by targeting individuals who were not filing returns despite having taxable income. Leveraging spending data, the department has pinpointed non-filers engaged in high-value transactions, including cash purchases of luxury items like gems, jewellery, property, and expensive holidays since FY2019-20. Data-Driven Campaign […]

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