Taxation
Government asks taxpayers to disclose true income or face action

I-T department said it has information that 33.83 lakh people made cash deposits of Rs10 lakh or more in savings bank account while during assessment year 2012-13, only 14.62 lakh assesses, including professionals and companies, have declared taxable income of over Rs10 lakh

 
New Delhi: In a stern warning to tax evaders, the Indian government on Monday warned them to either disclose their correct income and pay advance tax by 15th December or be prepared to face action, reports PTI.
 
"Government would urge all assessees to disclose their true income. There is no advantage in suppressing the true income or avoiding paying income tax that is due", Indian Revenue Secretary Sumit Bose told reporters.
 
Regretting that there was "gross-understatement" in filing of advance tax by assessees, he said, "sooner than later, the information available with the income tax department will lead the department to the doors of such persons." 
 
Bose said that during assessment year 2012-13, only 14.62 lakh assessees including professionals and companies have declared their taxable income of over Rs10 lakh, adding "any fair minded person will agree that this is a gross under- statement." 
 
The direct tax collection during April-October worked out to be Rs3.02 lakh crore, showing an increase of 6.59% as against the annual growth target of 15%. The government proposes to collect Rs5.70 lakh crore from direct taxes, which include income tax, corporate tax and wealth tax, this fiscal. 
 
Bose said the I-T department has information that 33.83 lakh persons made cash deposits totalling Rs10 lakh or more in the savings bank account.
 
Also 16 lakh persons made payments of Rs2 lakh or more against their credit cards and over 11.91 lakh people decided to purchase or sell house property worth Rs30 lakh or more.
 
15th December is the last date for paying the third instalment of advance tax for corporates and the second instalment for all other assesses.
 
"For assesses who have not yet paid the correct advance tax, there is an opportunity to rectify the mistake and pay the advance tax by 15th December," Bose said.
 
Soon after assuming charge of the Ministry, Finance Minister P Chidambaram had made a statement regarding taxation and tax administration.
 
He had emphasised on clarity in tax laws, a stable tax regime, a non-adversarial tax administration, a fair mechanism for dispute resolution and an independent judiciary that will provide great assurance to investors.
 
Asking assessees to pay advances taxes by due date, Chidambaram had said: "paying taxes is a mark of civilisation.
 
If I pay more taxes, I should be more happy and more proud. I am making more money and I am paying more taxes".
 

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COMMENTS

Pradeep R Hattangadi

4 years ago

First start with the Politicians.

A BANERJEE

4 years ago

How much a favour cost in the IT deptt.? If the deptt are in possession of the info., let them go ahead instead of giving threats. In any case, action will not be taken against those powerful people who have been stashing their funds abroad and continue unabated to do so. If the deptt were serious, AND FREE TO ACT TOO, action would have long bee taken and not one single case would have been time barred.

Maharashtra sets up panel to resolve pending cases of deemed conveyance

A special drive has been undertaken from 15 December 2012 to 30 June 2013 for completing deemed conveyance of cooperative housing societies in Maharashtra

 
Mumbai: The Maharashtra government has set up a co-ordination committee under the district collector to assist the district deputy registrar and cooperative housing societies (CHS) in resolving pending cases of deemed conveyance, reports PTI.
 
A special drive has been undertaken from 15 December 2012 to 30 June 2013 for completing deemed conveyance of housing societies in the entire state.
 
Apart from the Collector, the Committee will comprise the district deputy registrar, joint registrar and collector of stamps, suprintendent of land records, district information officer, Municipal Commissioner and CEO of the municipal council.
 
Such committees will be set up in each of the 35 districts. The district collector will convene meeting of the co-ordination committee every month. Review of the applications for deemed conveyance, cases resolved and those pending will be taken.
 
The co-ordination committee will also devote time for redressal of grievances and complaints. The report of the committee meeting every month will be forwarded to housing, forest, co-operation departments.
 

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Bombay HC pulls up BMC for inaction against unauthorised structure

BrihanMumbai Municipal Corporation (BMC) was pulled up by the High Court for not taking action against an unauthorised construction in Prabhadevi area 

 
Mumbai: The Bombay High Court has pulled up BrihanMumbai Municipal Corporation (BMC) for not taking action against an unauthorised construction in Prabhadevi area of the city until they got authority from the city police to proceed in this direction, reports PTI.
 
"We fail to understand as to what prevents the corporation to initiate action against the unauthorised structure without waiting for the approval from the police authority," Justices Mridula Bhatkar and AM Khanvilkar observed.
 
"In our order dated 31st October, we have referred to the grievance of the petitioner that political pressure was being exerted on the officers of the Corporation. Perhaps, that may be the reason for the officers of the Corporation to await approval from the police authorities to initiate further action in respect of the un-authorised structure. This cannot be countenanced," the judges noted.
 
The corporation is obliged to take corrective measures and more so, take the show cause notice dated January 12 to its logical end by not only initiating prosecution against the persons responsible but also take measures for removal of the unauthorised structure and compel the occupant to restore the original position as per the approved plan, the judges said.
 
The corporation is not only obliged to ensure that structure is in consonance with the approved plan but also the user of the premises as per the norms prescribed for premises falling under the residential zone, the court noted.
 
"We hope and trust that the Deputy Commissioner-II, South Ward, shall personally look into the grievance of the petitioner and take all measures as may be necessary including to take show cause notice to its logical end in accordance with law and report compliance in that behalf on or before the next date of hearing of this petition," the bench said.
 
The court was hearing two cross petitions, one filed by Balu Shivgand and the other by Dr Buchirajam Katkam.
 
Balu relied upon a communication issued under the signature of Assistant Commissioner G/South Ward of BMC dated January 12. He prayed that inspite of unauthorised structure and illegality noticed by the corporation, no action had been taken in respect of structures occupied by Katkam.
 
In the backdrop of this grievance, the court had on 31st October asked the BMC to take corrective measures within a week.
 
When the matter came up recently before the court, the Corporation submitted that its officer had filed a complaint in respect of the unauthorised structure against Katkam and after recording of panchnama and consequent to registration of FIR, the officer would proceed in the matter.
 
The court called upon the counsel for the Corporation to point out express provisions under the Act or in the Rules which require this procedure to be followed and more so refrain the officer of the BMC from taking action against unauthorised structure independently.
 
The counsel for the corporation was not been able to point out any such provision in law, except referring to Section 53(6) of the MRTP Act.
 
The court, however, noted that this was not the procedure envisaged under that provision. There are two independent remedies/actions provided and could be invoked by the corporation. One is under section 53(6) of the MRTP Act and other is under Section 351 of the Corporation Act.
 
"As this position is accepted by the counsel for the corporation, we fail to understand as to what prevented the corporation to initiate action against the unauthorised structure without waiting for the approval from the police authority," the judges asked.
 
The second petition was filed by Katkam, as a counter application to the first petition. His argument was that the petitioner in the first petition has already resorted to a civil suit against him. Inspite of it, remedy of writ petition has been invoked by the petitioner, he said.
 
The court noted that this argument clearly over-looks that the remedy resorted to by the petitioner in the first petition by way of civil suit is simpliciter against Katkam and for consequential orders against Mumbai Building and Reconstruction Board. Whereas, writ petition has been filed for direction to the statutory authority to discharge its official duty and more so to take the show cause notice dated January 12 to its logical end.
 
"In that sense, the fact that the petitioner in the first writ petition has invoked remedy of civil suit will not come in the way of the first petitioner in pursuing the remedy of petition which is pending in this court," the court noted.
 
However, Katkam alleged that even the first petitioner had committed illegality and carried out unauthorised construction in the premises occupied by him.
 
"Since we have directed the Deputy Commissioner to look into the matter and take corrective measures in respect of the premises referred to in the show cause notice January 12, we hope and trust that even grievance of the petitioner in the second petition in respect of unauthorised structure put up by the petitioner in the first petition is also examined and appropriate action taken in accordance with law in that respect," the judges noted.
 

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