All the unaccounted income and not paying up the taxes will not be fruitful from now onwards as the tax department has made it clear that it will be important to pay the income tax.
Also, the income tax department has the database of all the citizens which would further help him to get the desired results. As the PK Gupta, Principal Chief Commissioner, Income Tax Department, who heads Uttar Pradesh (west) and Uttarakhand region stated, “Sooner or later, you are going to be called upon to explain each of your investment.”
He was at the outreach programme for awareness creation on the TCS and TDS provisions of the income tax act 1961 The Income Tax Department is intending to scrutinize the business of Flipkart and Amazon starting with the details of their top five sellers in India. and making them aware of the position of tax to the government departments, educational institutions, and development authorities.
Gupta also said that “Tax professionals and assesses should understand that there is a very thin difference between friendliness and professional ethics. Do not do anything which could be construed as corruption evident. My appeal to all is that if you interact with us, deal with professional ethics and commitment.”
He also assured that the good citizens will be spared from the department scrutiny but request that, “But citizens should not distort facts or fabricate false evidence.”
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The tax officials had met the target set for the Uttar Pradesh west for the current financial year and are to increase the tax base by 6.6 lakh taxpayers in the region also.