“We now have the capacity to verify 100% returns. Earlier only a minuscule percentage (0.5%) were being picked up every year for scrutiny through a random selection process,”

The returns filed during the Assessment Year 2017-18 (or financial year 2016-17) are being dealt with first.

The information from various sources such as Registrar of Companies, banks, insurance companies and other financial institutions is already there with the department.

There would be around 50-60 lakh returns which may come up for verification

The CenVC will send e-mail notices with a set of structured questions. The assessee will be given 10 days to respond