Nearly 33% of the registered firms not in I-T database: CAG
The Comptroller and Auditor General of India (CAG) has said that during financial years 2012-13 to 2015-16, about 33% of the registered companies in India were not in the database of Income Tax Department. CAG further said, only 19.57% of the corporate non-filers identified by the department had filed their returns in response to notices issued by it.