If your annual phone bill is higher than your income tax submissions or if your passport has multiple visas in the past couple of years, then the Income Tax Department may come knocking at your doors.
After identifying 1.2 million high-spending non-filers linked to more than 47 million information records, the I-T department is looking at a different set of parameters to identify more people who have not been paying their dues properly.
Officials said millions of pieces of information are available with the department and in the first phase only 1.2 million people were identified, based on three main parameters - they have a PAN card, conducted high value transactions and did not file their returns.
In the next round, notices could be sent based on information from various other parameters such as frequent foreign trips, purchase of high-value jewellery or doing large-scale property transactions, if not in sync with the income declared by a taxpayer or the amount of tax paid by him.
“More notices will be sent in the new financial year, using a different set of parameters. The department has a lot of information which can be used to catch tax evaders. If your monthly phone bill runs into several thousands, you cannot fall in the category which is exempted from paying tax,” an official said.
Of 1.2 million identified non-filers, the finance ministry last month issued letters to about 1,05,000 people in three lots of 35,000