India asks tax dodgers to come clean by March 2017
Dec 18, 2016, 00:16
The government has reportedly announced that the political parties can deposit the old Rs 500 and Rs 1000 currency notes in their bank accounts without paying any tax.
On Friday, the government said political parties could deposit old currency notes without getting under the scanner of taxmen. According to Adhia, they have information from FIU of how much deposits have been made in dormant accounts and likewise, hence facilitating the successful raids of the I-T Department.
She said, for each voluntary contribution in excess of 20 thousand rupees, the political parties will have to maintain their records.
While the exemption may be sound legally, in light of demonetisation, the leeway being given to political parties in this respect effectively ensures that they will not come under scrutiny, as the Indian Express points out.
Jaitley further said if any political party allows itself to be misused for converting black money into white, then stringent punishment would be awarded to them.
For those unable to do that, furnishing PAN will be required, Adhia said. "If the individual is putting money in his own account, then we will get information", said revenue secretary Hasmukh Adhia.
This inference seems to have been drawn because of the fact that the income of the political parties is exempt from Income - tax under Section 13A, the statement added.
However, the tax exemption is applicable only if the political party keeps and maintains such books and other documents of the income and the accounts are audited by a Chartered Accountant.
"Don't want inspector-raj to affect people, the people should understand that all information about their deposits is with the department", ANI quoted Adhia.
Offering tax dodgers confidentially and immunity from prosecution under the new tax evasion amnesty scheme, Revenue Secretary Hasmukh Adhia warned of stiffer penalties as well as prosecution against non-disclosure of deposit made in banks.
Adhia said that within one/two months' time banks will accumulate PAN numbers of all existing account holders except for Jan Dhan/BSBD account.
The government reiterated saying that people who fail to disclose their unaccounted income will charged 77 per cent and up to 100 per cent in tax by the end of March 2017.
Fourth was Luis Suarez and fifth his fellow Barcelona attacker Neymar, with Ronaldo's Welsh team-mate Gareth Bale sixth. He won the Federation Internationale de Football Association award in 2008 while still playing for Manchester United.
The Messages app gets new Love and Celebration effects, while also fixing an issue that stopped the keyboard from displaying. Other than that, it was fairly unexciting. iOS 10 .2 is available to download now, by visiting the Settings menu.
The babysitter, who was holding the 2-year-old, couldn't get out of the way in time and both were hit by the CSX train. According to witnesses, Henderson had taken the child and his four-year-old sister for a walk near the train tracks.
Yet when Trump stood up to discuss this at a December 1 meeting, Jones recalled, "For whatever reason, he lied his ass off". On the other hand, GOP strategist Ron Bonjean said Trump is staying true to what got him elected.
From here, snapping photos or creating videos should be much smoother, and once you have your shot, editing is also made easier. Facebook will change the design periodically to notify you about seasonal holiday events and new effects that have been added.
Titled Gotham City Sirens , the spin-off movie is said to be produced by Margot Robbie and will star her in the lead as well. The image calls back to DC Comics' former comic book series of the same name by writer Paul Dini and artist Guillem March.
Among the non-Opec countries attending the meeting were Azerbaijan, Oman, Mexico , Malaysia, Sudan, South Sudan and Bahrain. The 558,000 barrels per day cut was lower than the target of 600,000 that the cartel had envisioned for non-OPEC countries.
He lives in Blount County and recalled what Schmitt-Matzen told him in a phone call exactly one week after the incident happened. But he admitted that he didn't like that his account was being called into question. "We're checking the story now".
Although most Americans may be okay with Donald Trump holding onto his business empire during his presidency, the U.S. She appears in the photos alongside her visibly jubilant father and West - who recently endorsed Mr Trump.
Google Gboard keyboard app Arrives For Android
Last May, Google released the Google Keyboard for iOS users that lets them perform a search without opening the Google iOS app. It is never too late, after seven months Android users can enjoy the fancy keyboard and ditch the old Google keyboard.
Kim Kardashian West's sexy return
The daily posts include models such as Kendall Jenner , Bella Hadid and Stella Maxwell plus many more. The mother of two strutted her stuff in a blush-colored lace-up bra top and matching underwear.