Govt asks taxpayers to disclose true income or face action

IMP-ost : 10th Dec, 2012

www.i-securesolutions.in : Financial planning

In a stern warning to tax evaders, the government today warned them to either disclose their correct income and pay advance tax by December 15 or be prepared to face action.

The dept. person "during assessment year 2012-13, only 14.62 lakh assesses including professionals and companies have declared their taxable income of over Rs 10 lakh, adding "any fair minded person will agree that this is a gross under- statement"


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http://www.financialexpress.com/news/govt-asks-taxpayers-to-disclose-true-income-or-face-action/1043099