Congress had earlier claimed that its bank accounts were frozen by the IT Department as the cheques being issued by it were not being honoured by the financial institutions.
The Gujarat High Court on Thursday slammed officials of the Income Tax Department at Ahmedabad for the manner in which they conducted a raid at the office and house of an advocate.
Income Tax News Latest: India, with a population of approximately 140 crore, faces a striking paradox in its income tax landscape. Recent statistics reveal that merely 6.65 crore individuals, constituting a mere 4.8% of the total population and 6.3% of the adult population, contribute to the country s personal income tax collection. This situation raises concerns as a mere 5% of taxpayers shoulder a significant 76% of the total income tax revenue generated by the government.
The move came even as contractors alleged that nearly Rs 710 crore of payments for work done in the BJP tenure were being held up by the Congress government.
The Income Tax department is sending notices to taxpayers and documents related to tax exemption claims are being sought from them. These notices pertain to fake house rent receipts, hiring of helpers to perform official duties and interest paid on home loans for the assessment year 2022-23. , Personal Finance News, Times Now