Tax Evasion on the Rise as 23 Percent of Transactions Are Tracked, Says Chief Commissioner of IT

The Chief Commissioner of Income Tax has revealed that tax evasion is increasing, with 23% of transactions now being monitored. Enhanced data analytics and technology use have enabled the tax authorities to track and identify suspicious activities. Despite these measures, tax evasion remains a significant challenge. Authorities are focusing on stricter enforcement and encouraging voluntary compliance to combat evasion. The increased tracking aims to ensure fairness in the tax system and boost revenue collection. This insight underscores the ongoing efforts to improve transparency and accountability in tax administration.