Income Tax Returns

More classes may be asked to file income tax returns to check evasion

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"The government has already said that those doing high-value transaction would be covered. The next could be high hotel bills, clubs, expenditure on holding a party, purchase of cars and investment above a certain level," said Riaz Thingna, Director, Grant Thornton Advisory Private Limited.

This article appeared in Live Mint on 08th July, 2019.