Hows does the government know if you did not file taxes?

GST Registrations and GST return Filings

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This is a subjective topic but I would love to answer. There are several means by which government knows about your earning. How they know how much you earn? They know by how much you spend and invest.

Means by which government tracks your income and expenses.

  1. By TDS as deducted by your company or bank or any other person who pays you for your services.
  2. By the amount of cash deposits you do in your bank account.
  3. By the amount of investments you make be it immovable and movable .
  4. Local officers conduct surveys and seek answers and look out for possible tax evaders.
  5. Based on your credit card spending beyond a limit
  6. Based on your purchase of immovable property beyond a certain level.

They collect data from every place where you have your pan or aadhar linked. Previously the infrastructure was not very developed but it is highly successful in recent times. Several committees and departments have been setup to detect possible tax evasions.

Also, if you filed returns before then they would ask why are you not filing it now. Moreover various amendments have been made in the income tax act which restricts transactions to be done in cash. So all those will be done by banking mode and shall be reported to the department automatically.

Thus, They track all your actions

It is advised to comply with law strictly as any form of evasion attracts heavy penalty and even jail terms.

Visit Business Helpers | Business Advisors and Tax Consultants for business advisory and tax consultancy.

Tax planning should be promoted and Tax evasion should be avoided. Planning is legal evasion is illegal.

Hope this helps.

किसी प्रकार का बड़ा लेनदेन से पहले एक प्रोफेशनल सलाहकार से जरुर पूछ कर करे| इस ब्लॉग मे कुछ त्रुटिया हो सकती है. अगर उससे आपको कोई हानि होती है तब भी हमारी जिम्मेदारी नहीं होगी. ये ब्लॉग केवल आपकी जानकारी के लिए बनाया गया हैं | आपको अगर लगता है की इस आर्टिकल मे कोई गलती हो तो हमें मेल करे हमें इसे सुधरने मे ख़ुशी होगी. आपके समर्थन के लिए धन्यवाद |

यह जानकारी आप बिज़नेस हेल्पर्स द्वारा उनकी वेबसाइट पर प्राप्त कर रहे है | बिज़नेस हेल्पर्स एक Accounting , GST एवं Tax सर्विस प्रोवाइडर है। हमारे प्लान्स और प्राइसिंग यहाँ नीचे दिए हुए है. | अगर आप हमारी सर्विसेज लेना चाहते है तो हमें संपर्क करे. | हमारे Plans एवं Pricing इस लिंक पर क्लिक करके देख सकते है |

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