Indians may be among one of the most taxed people in the world but interestingly, income tax payments are at an all time high. India is experiencing what analysts call a bonanza of tax payments. From just 1.8 per cent of the GDP in the late 70s, tax collection today stands at Rs 3 lakh crore or seven per cent of the GDP. This time around, the I-T department expects three crore people to file their returns - a jump of 10 per cent from last year. CNN-IBN finds out why and how Indians have become comfortable with paying their taxes.
Just 3 crore Indians pay taxes but their plea for fairness won’t be heard.
http://www.ibnlive.com/news/honest-taxpayer-pays-up-govt-makes-merry/70098-15.html
The Income tax department is hopelessly short of manpower.
http://www.ibnlive.com/news/taxing-times-for-it-deptt-3-crore-returns-few-officers/69982-7.html
The most important tip: don’t wait till July 31 to complete paperwork.
http://www.ibnlive.com/news/watch-and-learn-filing-tax-returns-is-plain-easy/68841-15.html
Five of the eight IPL franchisees have made a TDS payout of Rs 60 crore.
http://www.ibnlive.com/news/taxman-gets-his-pound-of-flesh-from-ipl/68794-7.html
The great rush to file I-T returns begins as July 31 deadline draws near.
http://www.ibnlive.com/news/dummys-guide-to-filing-income-tax-returns/68760-15.html
Income tax officials first conducted raids at Rajesh Rajora's house in Sep 2007.
http://www.ibnlive.com/news/health-scam-official-gets-away-after-it-raid/67556-3.html
Authorities hunt for Sudhir and Madhu Jhunjhunwala, accuse them of fraud.
http://www.ibnlive.com/news/mr--mrs-x-investor-couples-dupe-clients-of-crores/66735-7.html
The raids were simultaneously carried out at over 60 places in MP.
http://www.ibnlive.com/news/it-conducts-raids-on-bureaucrats-ministers-kin/66335-3.html
This is one of the options the ministry is considering to off-set rising crude prices.
http://www.ibnlive.com/news/petroleum-ministry-proposes-fuel-cess-on-income-tax/66112-7.html
Foreign players in the IPL may soon find a higher amount deducted in taxes.
http://www.ibnlive.com/news/indians-or-foreigners-ipl-players-have-to-pay-tax/65436-5.html
Foreign players will have to pay income tax according to the applicable tax slab.
http://www.ibnlive.com/news/taxman-hopes-to-score-in-ipl-sends-notice-to-bcci/65410-7.html
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