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: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: TDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: empanelment :: ACCOUNTING STANDARDS :: VAT RATES :: cpt :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« News Headlines »
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned
 All about income tax return form Sahaj
 Why seeing Form 26AS is a must before filing tax return and how to access it
 No tax on notice period pay cut
 Interpretation Of Central Goods And Services Tax (Cgst) Act (Part-1)
 What to do if you haven’t filed your taxes
 Income Tax Declaration To Employer: 10 Changes You Should Be Aware Of
 What your income tax says about you

Members of Parliament under income tax scanner
January, 04th 2010

The income tax (IT) department has asked members of Parliament (MPs) to submit copies of the returns filed by them and their dependants for the years 2006-07 and 2007-08. Dependants are those who find mention in the affidavits submitted along with the nomination papers for the 2009 Lok Sabha elections.

The department says the exercise is for verifying the affidavits. The move was reportedly spurred by reports that some MPs had shown a greater increase in income.

The MPs have also been asked to submit details of the circle/ward where they file their returns. Also, the permanent account numbers (PAN) of their dependants must be provided.
According to a report recently released by the NGO, Association for Democratic Reform (ADR), the number of MPs with assets worth over Rs1 crore is two times that in the last Lok Sabha (from 156 in 2004 to 315 in 2009).

Also, the assets of such MPs have trebled from Rs1.86 crore to Rs5.33 crore in the last five years.

The report, prepared on the basis of MPs affidavits, adds that the average worth of assets of 304 MPs has gone up from Rs1.92 crore in 2004 to Rs4.8 crore in 2009.

The IT departments letter to the MPs states: A verification exercise is being carried out by the IT department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009. In this regard, your kind co-operation is solicited.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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