Delhi govt sends notices to over 5,500 firms for not filing tax returns - Nitin Mittal & Co.

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Delhi govt sends notices to over 5,500 firms for not filing tax returns

By Nitin Mittal & Co.

08/08/2020 The Delhi government sent notices to over 5,500 companies for not filing tax returns on Friday. The government is also preparing a list of tax defaulters, it said in a statement.

"Nine sectors, including e-commerce, insurance and financial services, were not affected by the Covid-19 pandemic, but around 935 companies in these sectors have paid zero tax and 2,017 have paid 50 per cent tax," Deputy Chief Minister Manish Sisodia, who also holds the charge of the finance department, said.

The Aam Aadmi Party (AAP) government will strictly scrutinise the reasons behind these companies not filing tax returns, he added.

An analysis has found that the government has received around Rs 2,015 crore less tax compared to the corresponding period last year. In 2019, it had collected around Rs 5,792 crore in tax returns, but from January to March this year, the tax collection has been only Rs 3,777 crore, the statement said.

Source: https://www.business-standard.com/article/economy-policy/delhi-govt-sends-notices-to-over-5-500-firms-for-not-filing-tax-returns-120080702007_1.html

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Nitin Mittal & Co.

Nitin Mittal & Co.

The OrganisationThe Nitin Mittal & Co. was formed in August 2001 as a Chartered Accountancy firm. with the aim of providing a comprehensive range of services to various industries including Finance, IT Enabled /BPO, Consultancy, Manufacturing, FMCG Distributors/ Retail etc. With soaring aspirati…

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