Only 2,200 professionals declared income above Rs 1 crore in FY19, says CBDT
https://www.moneycontrol.com/news/b...-income-above-rs-1-crore-in-fy19-4941951.html
Maybe if the taxes were more realistic.
https://www.moneycontrol.com/news/b...-income-above-rs-1-crore-in-fy19-4941951.html
Maybe if the taxes were more realistic.
CBDT explained that 5.78 crore individuals filed income-tax returns in FY19. Of these, only around 1.46 crore individual taxpayers were liable to pay income tax.
Taxes are low, problem is no taxpayers gets anything in return.. so when ROI is low, everyone try to make use of tax loopholes...
it's time to go after those who don't pay, rather then sending tax notices to already registered tax payers...