Stop the Tax Evasion

Published on February 2017 | Categories: Documents | Downloads: 47 | Comments: 0 | Views: 289
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Stop The Tax Evasion Most people would, because the Income Tax Act has created more criminals than any other legislation in the country. Don't think all tax evaders are suspicious-looking characters with wads of unaccounted money stacked in lockers. Even seemingly honest and upright citizens could be underpaying tax. It's a malaise more widespread than the common cold. From school teachers to engineers, from banker to sales executives, millions of Indians may be liable for penalties, even prosecution, for underreporting their income or not paying the due tax. The 10figure alphanumeric number that is your PAN is under constant surveillance. Almost every financial transaction now requires PAN. The best way to avoid getting caught on the wrong foot is to pay your taxes honestly.

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