Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch
 Top 10 income tax changes from 2024 to look out for while filing ITR in 2025
 15 income tax rule changes in 2024 that will impact your ITR filing in 2025
  How to check income tax return (ITR) status
 Income tax rules: How much cash can you receive in one day to avoid an I-T notice?
 Tax saving tips: How you can reduce tax burden under the new regime
 Condonation of delay under section 119(20) of the Income-tax Act, 1961 in filing of Form No. 9A/10/108/10BB for Assessment Year 2018-19 and subsequent assessment years
 Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22 and 2022-23

Members of Parliament under income tax scanner
January, 04th 2010

The income tax (IT) department has asked members of Parliament (MPs) to submit copies of the returns filed by them and their dependants for the years 2006-07 and 2007-08. Dependants are those who find mention in the affidavits submitted along with the nomination papers for the 2009 Lok Sabha elections.

The department says the exercise is for verifying the affidavits. The move was reportedly spurred by reports that some MPs had shown a greater increase in income.

The MPs have also been asked to submit details of the circle/ward where they file their returns. Also, the permanent account numbers (PAN) of their dependants must be provided.
According to a report recently released by the NGO, Association for Democratic Reform (ADR), the number of MPs with assets worth over Rs1 crore is two times that in the last Lok Sabha (from 156 in 2004 to 315 in 2009).

Also, the assets of such MPs have trebled from Rs1.86 crore to Rs5.33 crore in the last five years.

The report, prepared on the basis of MPs affidavits, adds that the average worth of assets of 304 MPs has gone up from Rs1.92 crore in 2004 to Rs4.8 crore in 2009.

The IT departments letter to the MPs states: A verification exercise is being carried out by the IT department, ministry of finance, in respect of affidavits filled by you at the time of filing nomination for the general elections 2009. In this regard, your kind co-operation is solicited.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting