Salaried class may fall under scrutiny net

After a 2-3 year gap, salaried taxpayers may be picked up randomly for tax scrutiny. Under scrutiny, the revenue department sends notice to ...

After a 2-3 year gap, salaried taxpayers may be picked up randomly for tax scrutiny. Under scrutiny, the revenue department sends notice to select tax assesses to verify their expenditure claims during the assessment year.

According to revenue department sources, Finance Minister P. Chidambaram had expressed concern that salaried taxpayers were not included in the scrutiny sample during the last 2-3 years in the recently-held conference of the chief commissioners.

The sources said the department had decided to put the scrutiny cases in two baskets: compulsory and non-compulsory. Compulsory cases will include assesses, corporates and individuals, on whom the department has conducted search and seizure operations. The non-compulsory cases will be generated through a computer-generated programme based on some economic criterion.

The department has decided to scrutinise 2 per cent of the total tax assessee base of over 30 million.

P Vaidyanathan Iyer

P. Vaidyanathan Iyer is The Indian Express’s Managing Editor, and leads the newspaper’s reporting across the country. He writes on India’s political economy, and works closely with reporters exploring investigation in subjects where business and politics intersect. He was earlier the Resident Editor in Mumbai driving Maharashtra’s political and government coverage. He joined the newspaper in April 2008 as its National Business Editor in Delhi, reporting and leading the economy and policy coverage. He has won several accolades including the Ramnath Goenka Excellence in Journalism Award twice, the KC Kulish Award of Merit, and the Prem Bhatia Award for Political Reporting and Analysis. A member of the Pulitzer-winning International Consortium of Investigative Journalists (ICIJ), Vaidyanathan worked on several projects investigating offshore tax havens. He co-authored Panama Papers: The Untold India Story of the Trailblazing Offshore Investigation, published by Penguin. ... Read More

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