Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Tally On Cloud Tally on Cloud: Ready for the Daily Backup Requirement
Keep your Tally books accessible from anywhere while supporting your Rule 46(8) obligations. With daily backups configured on servers physically located in India, Tally on Cloud helps you maintain the backup arrangement required for electronic books of account under the Income-tax Rules, 2026. Move your Tally to the cloud with confidence.
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.
 Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief
 ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know
 Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose
 CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27
 CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details
 Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window
 Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do
 Tax audit deadline September 30: Common mistakes taxpayers should avoid
 Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck
 Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money

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 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting