Govt asks taxpayers to disclose true income or face action
"For assesses who have not yet paid the correct advance tax, there is an opportunity to rectify the mistake and pay the advance tax by December 15," Bose said.
Soon after assuming charge of the Ministry, Finance Minister P Chidambaram had made a statement regarding taxation and tax administration.
He had emphasised on clarity in tax laws, a stable tax regime, a non-adversarial tax administration, a fair mechanism for dispute resolution and an independent judiciary that will provide great assurance to investors.
Asking assesses to pay advances taxes by due date, Chidambaram had said: "paying taxes is a mark of civilisation.
If I pay more taxes, I should be more happy and more proud. I am making more money and I am paying more taxes".