Can We Change Income tax Department?



Hello, everyone!!

Hope you are fine. I am also. It is after such a long time I am writing new blog. If I am not wrong that was in January.

Now I once again back with some good topic to express. May be you readers are having more knowledge or grip on the subject but I thought lets express my thought to you readers.

This time, I would like to dedicate this blog to my elder brother who has motivated me to write about this topic.

The subject is budget 2007. Humm how big topic to discuss!!! But we will focus on only personal income tax structure. On this feb, the Fm has announced Rs 10000/- more in savings /investments. That will come to Rs 110000/-. The effect of this directly relates to all of us. Most of time the sufferers are employed class.

Recently I come across the fact of some white choler service provider. Like Doctors, Teachers, government administrators and some small entrepreneur. What exactly the income they show to IT department? Can anyone guess…..? Let me tell you the fact that they are not sowing their true income to IT department but after some manipulation they put figure. We all know we can’t do anything in to that, but I think IT department if they want they can.

IT department is smart enough to find out such profile persons by tracking them. It not big challenge for them but the challenge is at their effort and their attitude. Let us have some deep discussion on that.

Suppose, the population of one cit is 5-7 lacks, out of them can we categories the doubtful profile by their professions or by any other way. Once they are categorized, can we also keep watch on them? At least we can visit their house, their standard of living, their social status? After analyzing such factors can we also make list o more doubtful profile? It is very easy let me make it very clear it s within the power of IT commissioner of any particular city/district. It is only a questioned of the attitude /approach. Just imagine if there are only 200 profiles found doubtful from 5-7 lacks population and out of them IT department just make annual settlement for volunteer declaration of black money.

Imagine the revenue earned by IT department! These 200 profiles on an average have a earning at least 12 lacks per annum, you know what they showing only 2-3.5 lacks are earning per annum. Rests are all black money! These 6-7 lacks black money can also help IT department to increase their revenue. Most importantly there will some sort of fear take place in their mind to do such manipulation.

I know these is very common idea but till are lacking and we will but if employed class take it seriously, then we can make some correction.