Over 683,000 firms with PAN didn't file I-T returns

Over 6.83 lakh companies have a permanent account number (PAN) but did not file income tax returns for assessment year 2016-17, Parliament was informed on Tuesday.

The number of companies which have PAN but do not file income tax returns have increased over the past five years from 4.09 lakh in assessment year 2012-13, to 4.60 lakh (AY 2013-14), Minister of State for Finance Santosh Kumar Gangwar said in a written reply to a question in the Rajya Sabha.

The number was 5.19 lakh in AY 2014-15, 5.73 lakh (AY 2015-16) and 6.83 lakh (AY 2016-17).

The bUsiness Standard, New Delhi, 26th July 2017

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