TODAY -
Concern over income tax fraud by Scheduled Tribes (ST) in NE
Assam Tribune | Guwahati, Feb 22
Issuing a caution note, the Income Tax Department has expressed serious concern over tax fraud resorted to by salaried employees and the claim of exemption made by members of Scheduled Tribes (ST) in the Northeast region.
The department claims that it has come across many cases wherein exemption is claimed by the members of ST without realizing that the benefit is admissible subject to certain conditions.
“There are many cases of ST, who claim exception running into crores of rupees under 10(26) of the Income Tax Act, in spite of them not meeting the exemption criteria. People should understand that there is no blanket exemption,” said RK Gupta, Chief Commissioner of Income Tax, NER, while talking to mediapersons today.
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* This Post is uploaded on February 23, 2012
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