Modi retrains guns on benami properties, tells taxman to crackdown on them | Latest News India - Hindustan Times
close_game
close_game

Modi retrains guns on benami properties, tells taxman to crackdown on them

Hindustan Times, New Delhi | By
May 07, 2017 09:48 AM IST

In a review meeting with tax department officials, Modi underlined the need to reduce human interface and adopt measures that do not lead to harassment.

Prime Minister Narendra Modi has asked taxmen to take necessary steps against all those who are in possession of benami properties and focus on broadening the tax net.

Prime Minister Narendra Modi has asked officials to broaden the tax net.(Sushil Kumar/HT PHOTO)
Prime Minister Narendra Modi has asked officials to broaden the tax net.(Sushil Kumar/HT PHOTO)

In a review meeting with officials of the tax department on Tuesday, the Prime Minister, sources said, also underlined the need to reduce human interface and adopt measures that do not lead to harassment.

Hindustan Times - your fastest source for breaking news! Read now.

The NDA government decided to scrap currency notes of Rs 500 and Rs 1,000 on November 8 to weed out unaccounted cash, which led to a huge shortage of cash. The government also came under severe criticism from the opposition parties that claimed that a large chunk of black money was in the form of benami properties.

“It was a good meeting and presentations were made on the actions taken after demonetisation to address the issue of black money..the meeting was to take stock of the situation and review the overall functioning of the department,” said a senior government official, who did not wish to be identified.

The government, which launched the Pradhan Mantri Garib Kalyan Yojana — the second and a more stringent income disclosure scheme — has got tepid response with only about 24,000 declarations coming in this time against around 65,000 in the earlier scheme.

“There has also been some cause for concern due to this and this was also reviewed,” the official said.

Last month, the income tax department unveiled a one-page income tax return form which includes a separate section for cash deposits of Rs 2 lakh and more between November 9 and December 30.

The income tax department, which already has exhaustive information on deposits made by citizens between November 9 and December 30, 2016, would also check the amount of money deposited by their spouses and other members of the family.

Modi also took stock of the preparedness for the implementation of the nationwide goods and services tax. 

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal Arrest Live Updates, Bihar Board 12th Result Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, March 26, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On