I-T department on a hunt for small evaders as deadline looms

Suddenly, there has been a surge in reopening of returns of small-time tax evaders, with income tax authorities deploying investigation units to search and survey suspect cases of tax evasion of up to Rs 50 lakh. Cases are being reopened for assessment years 2015-16, 2016-17 and 2017-18 as no action will be possible beyond March 31 for these three years.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3pv0lL0