₹225 Crore worth of asset details retrieved from Maya's ex secy's dairy
Photo: Google

₹225 Crore worth of asset details retrieved from Maya’s ex-secy’s dairy

Income tax department has recovered a diary from the house of retired IAS officer Netram, former principal secretary to Mayawati, that has details of Rs. 225 crore related to 24 properties acquired since 2011. Mont Blanc pens worth 50 lakh, cash of Rs. 202 crore, four… Read More

  • Times of India
  • 14 Mar 2019
  • Bhavya Bhandari
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Income Tax Department Inaugurated Redressal Desk In Gujarat
Photo: Times Of India

Income Tax Department Inaugurated Redressal Desk In Gujarat

Income Tax Departments introduced a redressal week for the tax payers of Gujarat, the highest tax payer state in India that pays about 11.8 % of tax among 6.5% of population. The redressal desk is for filing the grievance and difficulties in paying tax, while… Read More

  • Times of India
  • 5 Mar 2019
  • K Roy
  • Comment

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Black Money
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7 Lakh Tax Notices Sent To Those With Sizable Transactions

With push to track down black money and tax defaulters, the Income Tax department has sent out more than 7 lakh tax notices to those who did not provide their PAN numbers, and more may be sent out. With assistance from banks, the notices were sent out to those who from… Read More

  • http://profit.ndtv.com/news/economy/article-7-lakh-tax-notices-being-sent-who-is-likely-to-receive-them-1434328?pfrom=home-lateststories
  • 23 Jul 2016
  • WerIndia
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Income Tax Department of India
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ONLY 5.5% INDIAN EARNERS PAY INCOME TAX

Today, only 4% of voters are income tax payers and only 5.5% of earners pay any income tax. Also, only 15% of income is being reported, meaning 85% of income is not being reported or exempted from income tax as it is for farming income. So, if India has to… Read More

  • http://www.thehindu.com/todays-paper/tp-business/only-55-who-earn-are-tax-payers-economic-survey/article8287084.ece
  • 29 Feb 2016
  • WerIndia
  • Comment

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