Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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		&#039;title&#039; =&gt; &#039;Govt to match netas&#039; I-T returns with poll affidavits by Mahendra Kumar Singh&#039;,
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department&#039;s records. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said the I-T department has asked the candidates to submit their last two years&#039; income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The details sought pertain to assessment years 2006-07 and 2007-08. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.&#039;&#039; &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. &lt;/font&gt;
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The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department&#039;s records. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Sources said the I-T department has asked the candidates to submit their last two years&#039; income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The details sought pertain to assessment years 2006-07 and 2007-08. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.&#039;&#039; &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. &lt;/font&gt;&lt;/p&gt;&#039;,
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. &lt;/font&gt;
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&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department&#039;s records. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said the I-T department has asked the candidates to submit their last two years&#039; income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The details sought pertain to assessment years 2006-07 and 2007-08. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.&#039;&#039; &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. &lt;/font&gt;
&lt;/p&gt;
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The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary...&#039;
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            <h1 class="news_headlines" style="font-style:normal">
                <strong>Govt to match netas' I-T returns with poll affidavits by Mahendra Kumar Singh</strong></h1>
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                <p align="justify"><font >The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. </font></p><p align="justify"><font >Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. </font></p><p align="justify"><font >The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. </font></p><p align="justify"><font >Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. </font></p><p align="justify"><font >The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department's records. </font></p><p align="justify"><font >Sources said the I-T department has asked the candidates to submit their last two years' income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. </font></p><p align="justify"><font >The details sought pertain to assessment years 2006-07 and 2007-08. </font></p><p align="justify"><font >The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.'' </font></p><p align="justify"><font >The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. </font></p><p align="justify"><font >For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. </font></p><p align="justify"><font >Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. </font></p>               </font>
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department&#039;s records. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said the I-T department has asked the candidates to submit their last two years&#039; income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. &lt;/font&gt;
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&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The details sought pertain to assessment years 2006-07 and 2007-08. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.&#039;&#039; &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. &lt;/font&gt;
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The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary...&#039;,
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department&#039;s records. &lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said the I-T department has asked the candidates to submit their last two years&#039; income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. &lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The details sought pertain to assessment years 2006-07 and 2007-08. &lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.&#039;&#039; &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. &lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. &lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. &lt;/font&gt;
&lt;/p&gt;
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The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary...&#039;
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                <strong>Govt to match netas' I-T returns with poll affidavits by Mahendra Kumar Singh</strong></h1>
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                <p align="justify"><font >The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. </font></p><p align="justify"><font >Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. </font></p><p align="justify"><font >The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. </font></p><p align="justify"><font >Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. </font></p><p align="justify"><font >The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department's records. </font></p><p align="justify"><font >Sources said the I-T department has asked the candidates to submit their last two years' income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. </font></p><p align="justify"><font >The details sought pertain to assessment years 2006-07 and 2007-08. </font></p><p align="justify"><font >The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.'' </font></p><p align="justify"><font >The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. </font></p><p align="justify"><font >For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. </font></p><p align="justify"><font >Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. </font></p>               </font>
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		&#039;title&#039; =&gt; &#039;Govt to match netas&#039; I-T returns with poll affidavits by Mahendra Kumar Singh&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department&#039;s records. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said the I-T department has asked the candidates to submit their last two years&#039; income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The details sought pertain to assessment years 2006-07 and 2007-08. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.&#039;&#039; &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. &lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. &lt;/font&gt;
&lt;/p&gt;
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The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department&#039;s records. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Sources said the I-T department has asked the candidates to submit their last two years&#039; income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The details sought pertain to assessment years 2006-07 and 2007-08. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.&#039;&#039; &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. &lt;/font&gt;&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;&lt;font &gt;Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. &lt;/font&gt;&lt;/p&gt;&#039;,
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. &lt;/font&gt;
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&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department&#039;s records. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said the I-T department has asked the candidates to submit their last two years&#039; income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The details sought pertain to assessment years 2006-07 and 2007-08. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.&#039;&#039; &lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. &lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. &lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. &lt;/font&gt;
&lt;/p&gt;
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The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary...&#039;
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                <strong>Govt to match netas' I-T returns with poll affidavits by Mahendra Kumar Singh</strong></h1>
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                <p align="justify"><font >The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. </font></p><p align="justify"><font >Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. </font></p><p align="justify"><font >The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. </font></p><p align="justify"><font >Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. </font></p><p align="justify"><font >The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department's records. </font></p><p align="justify"><font >Sources said the I-T department has asked the candidates to submit their last two years' income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. </font></p><p align="justify"><font >The details sought pertain to assessment years 2006-07 and 2007-08. </font></p><p align="justify"><font >The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.'' </font></p><p align="justify"><font >The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. </font></p><p align="justify"><font >For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. </font></p><p align="justify"><font >Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. </font></p>               </font>
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<font face="arial,helvetica,sans-serif" size="3">The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. </font>
</p>
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<font face="arial,helvetica,sans-serif" size="3">Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department's records. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Sources said the I-T department has asked the candidates to submit their last two years' income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The details sought pertain to assessment years 2006-07 and 2007-08. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.'' </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. </font>
</p>
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<font face="arial,helvetica,sans-serif" size="3">The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department's records. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Sources said the I-T department has asked the candidates to submit their last two years' income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The details sought pertain to assessment years 2006-07 and 2007-08. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.'' </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. </font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act. </font>
</p>
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Govt to match netas' I-T returns with poll affidavits by Mahendra Kumar Singh

The finance ministry has quietly initiated the process of opening up the income tax files of politicians belonging to all parties and tallying their income statements with the affidavits filed by them with the Election Commission during the 2009 parliamentary polls. Verification of the assets declared by the Lok Sabha candidates, many of whom have now become MPs and even ministers, will help the department to assess if they had paid appropriate taxes as declared in their statements with the two different authorities. The finance ministry initiated the exercise after it found that many of the candidates had made astounding declarations in their affidavits to the EC while initial scrutiny revealed that some of them had paid paltry or no taxes. However, As many as 50% of the candidates in the 2009 LS polls had not furnished their Permanent Account Number (PAN), making it difficult for the department to ascertain the actual income of these people. Despite this problem, the I-T department hopes to add revenue from many of these candidates whose wealth has seen astronomical growth in the past few years. Not having a PAN or not disclosing it for the purpose of evading tax could invite both scrutiny as well as penalty and prosecution in cases were evasion is proved. Although the penalty for not having PAN is just Rs 10,000, for tax evasion it could be as stiff as between 100% to 300% of the tax evaded. The department will be scrutinizing of the I-T returns of all Lok Sabha candidates irrespective of whether they ended up winning or not. A letter from the Central Board of Direct Taxes (CBDT) has been circulated to all those MPs whose records are not available with the I-T department or whose PAN has not matched with the department's records. Sources said the I-T department has asked the candidates to submit their last two years' income tax returns as well as those of their dependents whose names were mentioned in affidavits filed with the EC. The details sought pertain to assessment years 2006-07 and 2007-08. The letter said: ``A verification exercise is being carried out by the I-T department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009.'' The department has sought to know with which ward or circle the candidates have been filing their returns and if their dependents, as mentioned in their affidavit, have also been filing their income and wealth tax returns. For fear of being disqualified if statements made in the affidavits were to be found untrue when elected, candidates had made some astounding declarations. One candidate declared assets worth more than Rs 600 crore, while those having assets between Rs 100 crore and Rs 200 crore were found in dozens during the 2009 polls. Sources said even those who have shown legitimate wealth would have to pay wealth tax on the current market value of their property at the rate of 1% of the value of the assets, barring those which are in the exempted category under the Wealth Tax Act.