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Undisclosed income of over Rs 33,000 crore found by IT department in 3 years

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The Income Tax (IT) department has collected over Rs 33,000 crore from tax evaders in the last three years, according to the government data.

Undisclosed income of over Rs 33,000 crore found by IT department in 3 years
The Income Tax (IT) department has collected over Rs 33,000 crore from tax evaders in the last three years, according to the government data.
Shiv Pratap Shukla, Minister of State for Finance, revealed the details while answering a question asked by Lok Sabha member Ashok Mahadeorao Nete.
Earlier, Nete had asked the Ministry of Finance about details regarding the actions taken by the IT department to identify tax evaders.
In the answer, the minister said the IT department conducted over 30000 surveys in three financial years starting from 2015-16 to catch tax evaders.
‘Surveys to identify income tax evaders have been done under the provision of Section 133A of Income Tax Act, 1961,’ said the report, adding that these were not random surveys but done on the basis of comparative examination.
During 2015-16, a total of 4,428 surveys were conducted, leading to the detection of undisclosed income of Rs 9,699.85 crore. This was followed by 12,520 surveys during 2017 fiscal that led to the detection of undisclosed income worth Rs 13,689.76 crore.
However, in the last fiscal year there was a significant fall in the number of cases of undisclosed income despite a rise in the number of surveys. The number of surveys increased to 13,487 during the period but the total amount detected fell to Rs 9,633.60 crore.
 Significant increase in tax revenue
According to the data, there was a significant rise in tax revenue over the years.
The total revenue collected this fiscal year till November was Rs 5,51,965 crore. This, as per the data, is nearly 15 percent higher than the amount collected during the same period last fiscal. 
The tax income showed similar growth during the last fiscal as well, when the tax revenue showed a growth of close to 16 percent compared to a year earlier.
 
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