7.5 Lakh corporate - Only 3.3 Lakh assessees
THERE were 7.5 lakh working companies in the country registered with Registrar of Companies (ROC) as on 31 March 2009. However, the corporate assessees on the Income - tax department's records are only 3.3 lakh, leaving an un - reconciled list of 4.2 lakh companies. The Ministry intimated (January 2009) that this gap could be because the “non - filers” had not started their business or because they did not have any income during the said period. It added that the Board would be advised to reconcile the discrepancy for accurate assessment of the filing gap.