As PM said in the “Mann Ki Baat”, some rich people are evading taxes – they like in houses worth multi-crores, drive such cars, but don’t declare their income or pay taxes. Everyone knows about it – but now this is being talked about. Government of India has now set September 30, 2016 as the deadline to declare their true income and pay taxes. After that, individuals and families would be considered in default and could see a hefty fine.
- 27 Jun 2016