FinMin to tighten the noose on big spenders as revenues falter

Dec 11 2012, 09:47 IST
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Rattled by subdued advance tax receipts, the finance ministry has signalled its intention to crack the whip on big-spending taxpayers.  (Reuters) Rattled by subdued advance tax receipts, the finance ministry has signalled its intention to crack the whip on big-spending taxpayers. (Reuters)
SummaryAsks taxpayers to disclose their true income or face consequences

more against their credit cards

11,91,037 individuals decided to purchase or sell property worth Rs 30 lakh or more

52,42,114 individuals bought MFs of Rs 2 lakh or more; bonds/debentures of Rs 5 lakh and above; shares of Rs 1 lakh and above and bonds issued by RBI of Rs 5 lakh and above.

33,83,276 individuals made cash deposits of Rs 10 lakh and above in savings bank account

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