India’s Income Tax Evasion Conviction Rate Remains 2.44 percent in Last Five Years

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India’s Income Tax Evasion Conviction Rate :According to the information shared with the Parliament of India, the Income Tax Department w.e.f 2016-17 to 2020-21 has filed 10690 cases under various sections of Income Tax Act 1961, out of these 7011(66 %) cases have been compounded, and only 261(2.44 %) persons have been convicted in last five years.

New Delhi (ABC Live India): The Ministry of Finance on Monday disclosed in Lok Sabha the details of prosecution complaints filed during the last 5 years by the Income Tax Department under Income Tax Act, 1961.

According to the information shared with the Parliament of India, the Income Tax Department w.e.f 2016-17 to 2020-21 has filed 10690 cases under various sections of Income Tax Act 1961, out of these 7011 cases have been compounded and only 261 persons have been convicted in last five years.

F.Y.

Prosecution complaints filed in court

Cases compounded

Conviction order passed

2016-17

1252

1208

16

2017-18

4527

1621

75

2018-19

3512

2235

105

2019-20

1226

1410

49

2020-21*

173

537

16

                                                                                  Source: PIB

Further, the ministry disclosed that more than 107 prosecution complaints have been filed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, since this Act has come into force w.e.f. 01.07.2015 specifically deal with the issue of black money stashed away abroad.

Also, Ministry informed the Lower house of Indian parliament as under;

 As of 31.05.2021, assessment orders under section 10(3)/10(4) of the Black Money Act, 2015 have been passed in 166 cases, wherein demand of Rs. 8,216 crore has been raised.

  1. Undisclosed income of Rs. 8,465 crore (approx.) has been brought to tax and penalty of Rs. 1,294 crore has been levied in HSBC cases.
  2. Undisclosed income of Rs. 11,010 crore (approx.) has been detected in ICIJ ( The International Consortium of Investigative Journalists) cases.
  3. In the Panama Papers Leaks cases, undisclosed credits of Rs. 20,078 crore (approx.) have been detected.
  4. In the Paradise Papers Leaks cases, undisclosed credits of Rs. 246 crore (approx.) have been detected.
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