-The Hindu Mumbai among biggest laggards with 3.8% growth in collections against a target of 13.3% Mumbai: The Income Tax Department may miss the revenue collection target for this fiscal going by the numbers for the first two quarters. Out of 18 income tax regions in the country, only five — Delhi, Uttar Pradesh (E), Uttar Pradesh (W), Odisha and the North-East — have managed to achieve the revenue goals in the...
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Who pays taxes and who doesn't -Ram Singh
-The HinduThe number of tax returns filed has gone up but collections have not shown a commensurate increaseThe Central Board of Direct Taxes has released the latest data on income tax collections. Several interesting facts emerge from the data. The number of taxpayers has increased drastically over the last four years. The number of tax returns filed has surged to 6.85 crore in FY 2017-18, an 80% growth since FY...
More »Beat the queue at airports, railway stations by being honest in paying income tax
-Livemint.com The Income Tax department is in the process of chalking out a new policy which will reward taxpayers who are not only honest but also consistent in filing ITRs. The rewards could include priority access at airports and railway stations. New Delhi: Want to beat the queue at airports, railway stations and toll gates on highways? Filing your income tax returns (ITR) honestly and consistently every year on time can be...
More »Found: tax gap on doctor freebies -GS Mudur
-The Telegraph New Delhi: The income tax department has allowed referral kickbacks paid to doctors by private hospitals, nursing homes and diagnostic centres and spending on advertisements by doctors as expenses despite such expenditure being disallowed and unethical, a parliamentary panel said on Thursday. The public accounts committee for the Union finance ministry's department of revenue has cited an audit that found that in 19 instances in eight states, income-tax officers had...
More »Manoranjan S Roy, RTI activist, interviewed by Ashutosh Sharma (National Herald)
-National Herald He fears for his life and safety of his family, admits the activist from Mumbai, explaining his reluctance to speak to the media and appear on TV. Visiting the national capital for filing his petition before the Supreme Court, Manoranjan S Roy resisted attempts to drag him to TV studios. Life for him had changed ever since his RTI applications revealed discrepancies between the supply and deployment of Electronic...
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