In the last three years, the number of income tax payers in Chhattisgarh has increased by more than four lakhs. A total of 650000 taxpayers in the state had filed tax in the financial year 2016-17, which increased to 1065714 in the financial year 2018-19. Whereas in the financial year 2019-20 and assessment year 2020-21, so far more than nine lakh taxpayers have submitted the returns and the audited taxpayers have to submit the return by 15 February.
Tax experts say that the main reason behind increasing number of income tax payers in this way is that taxpayers are also becoming aware that it is prudent to fill their tax honestly. For this, taxpayers are constantly being made aware by the tax experts along with the Income Tax Department.
The Income Tax Department has become very strict these days in the matter of benami property. Along with this, new rules have also come. Now, those possessing benami property will also have to face the jail air along with the fine. Tax experts say those with benami property will have to pay a penalty of 25 per cent as penalty. Also, he will have to face seven years of jail. The Income Tax Department is keeping a close watch on such assets. According to information received from tax experts, when the law of benami property was made 28 years ago, it was not as strict at that time, but in 2016, these rules have been amended. Now it can be said that if you bought or deposited the property in the name of others, then you will suffer. The issue of demonetisation of taxpayers by the Income Tax Department is also being investigated. Tax expert Dinesh Tarawani says that taxpayers should fill the entire tax honestly and do not do anything wrong. Don’t even think about benami property in particular. Taxpayers with audits have to submit their income tax returns by 15 February.
