#IncomeTax(2013-2014) INCOME TAX DEPARTEMENT IS GETTING INFORMATION ABOUT YOU!!!! HOW? 1) YOU HAVE DEPOSITED RS 10 LAKHS IN AGGREGATE IN A SAVING ACCOUNT WITH A BANK. 2) PAYMENTS OF RS 2 LAKHS IN AGGREGATE IN A YEAR MADE THROUGH YOUR CREDIT CARD. 3) BOUGHT MUTUAL FUND UNITS FOR RS 2 LAKHS FROM MUTUAL FUND COMPANY. 4) INVESTED RS 5 LAKHS IN BONDS OR DEBENTURES ISSUED BY THE COMPANY OR INSTITUTION. 5) APPLIED FOR SHARES IN IPO’S FOR RS 1 LAKHS OR MORE. 6) PURCHASED OR SOLD IMMOVABLE PROPERTY VALUED AT RS 30 LAKHS OR MORE. 7) APPLIED FOR RBI BONDS FOR RS 5 LAKHS OR MORE IN A YEAR. INCOME TAX DEPARTMENT IS WATCHING YOU SILENTLY AS DETECTIVE CAMERA ON YOUR ACTION ARE THE PROVISIONS UNDER INCOME TAX ACT UNDER WHICH DATA RELATED TO YOUR FINANCIAL TRANSACTIONS ARE REPORTED BY PERSON WITH WHOM YOU TRANSACT. EVERY INDIVIDUAL IS REQUIRED TO FILE INCOME TAX RETURN WITH INCOME TAX DEPARTMENT. ABOVE ARE RESONS WHY INFORMATION ABOUT YOUR TRANSACTION IS STORED IN CENTRAL DATABASE OF INCOME TAX DEPARTMENT AS THE PERSON WITH WHOM YOU HAVE MADE TRANSACTION IS COMPELLED UNDER INCOME TAX ACT TO SUBMIT THE INFORMATION TO DEPARTMENT ANNUALLY.
Posted on: Sun, 21 Jul 2013 05:47:24 +0000
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