The Income Tax department will soon begin sharing with the Petroleum and Oil Ministry details of all “individual” taxpayers whose annual income exceeds Rs 10 lakh, in an attempt to check pilferage of subsidy on cooking gas by the higher income groups.
The tax department, apart from sharing the names of such people, will also share personal details of a taxpayer like his or her Permanent Account Number (PAN), date of birth, gender, all available addresses in the I-T database, email id and the residential phone and mobile numbers of such taxpayers. Read more…
Latest posts by businesstoday.in (see all)
- Chennai Petroleum cancels Iran oil imports - September 20, 2018
- Coal India, NTPC, Among 11 Public Sector Companies Shortlisted For Share Buyback - September 8, 2018
- Railways to complete projects worth Rs 50,000 crore ahead of 2019 elections - August 24, 2018