Recently Indian Income tax department published an advt in leading daily papers.
The Wordings of Advt...
* We know 33.83,276 people made cash deposits aggregating Rs. 10 lakh or more in the savings account of their bank.
Income tax department collects information about your investments / expenses related to
* Purchase or / sales of immovable property valued at rs. 30 lakhs or more
* Credit card expenditure exceeding Rs. 2 lakh per annum
* Mutual Fund Investments in excess of Rs.2 lakh
* Purchase of Bond or Debentures of a company or an institution for Rs. 5 lakh or more in a
year
* cash deposits of Rs. 10 lakh or more per annum in your savings Bank Account
* Payment of Rs. 1 lakh or more for acquiring shares of a company through its public or rights issue
* Purchase of bonds issued by the Reserve bank of India amounting in aggregate to Rs. 5 lakh or more in a year
See what the US has dome with our Income tax is make it a social program.
ReplyDeleteChris
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