Friday, July 15, 2011

I-T DEPT EXEMPTS SALARIED FROM SCRUTINY

A senior Central Board of Direct Taxes (CBDT) official told Business Standard that scrutiny of the salaried increased their workload without giving any substantial benefit. "Selective cases will be picked up only if there is credible information about tax evasion and big investments
by any salaried taxpayer," he said. The income tax department picks up around 1 per cent cases for scrutiny.

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