Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: cpt :: due date for vat payment :: ACCOUNTING STANDARD :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: form 3cd :: ACCOUNTING STANDARDS :: VAT RATES :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT
Indirect Tax »
 Applicability of TDS provisions of section 194-I of the Income-tax Act, 1961 on lump sum lease premium paid for acquisition of long term lease-regarding
 CBDT seeks monthly data of disposed I-T appeals
 Further indirect tax may be levied in 2017
 India has to make its own tax law
 Centre warns against criticism of GST network
 Indirect tax collection jumps 26% in April-September, direct tax 9%
 Indirect Tax collections up
 Thank you note from income tax department
 Tax dept scanning IDS disclosures filed through post
 Poor management cause of financial pressure on Centre
 GST to have short-lived impact on inflation: RBI

Non-recovery of refunds: Income Tax dept may begin probe
October, 17th 2013

The Income Tax department may start an inquiry into alleged discrepancies in filing of tax returns of some of Madhya Pradesh ministers pointed out by an audit report.

The Income Tax department has got some documents pertaining to the alleged lapses and is in the process of acquiring others, officials sources said.

A report by Accountant General, which acts as distant arm of the Comptroller and Auditor General ( CAG), has asked the government to clarify about the alleged discrepancies in payment of income tax by ministers despite the fact that they get similar pay and allowances.

It has also sought information about the refund of excess amount paid as income tax on behalf of ministers by the government.

According to rules, the amount refunded on basis of revised Income Tax returns of ministers has to be deposited in the government exchequer.

A demand in this regard to deposit about Rs 3.24 lakh had been raised against two ministers -- Ramkrishna Kusmariya and Ajay Vishnoi, the report has said. The ministers had later paid the amount.

According to rules, the state government pays income tax on the salary and allowances of ministers. The income tax on earnings from other sources has to be paid by the ministers themselves.

The report, which was based on an inspection carried out between February 5 and 14 this year for the period April 2011 and December 2012, was accessed by activist Ajay Dubey exercising his Right to Information (RTI).

"It is a serious issue. The IT department must look into it," said Dubey, who has also lodged a complaint with the tax department.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions