Earning Interest Income but Not Paying Taxes?
The Central Board of Direct Taxes (CBDT) is focusing on those with interest income of Rs5 lakh or more who are not paying taxes or filing returns. This includes senior citizens, professionals earning in cash and others who may be evading taxes. The move is part of the income-tax (I-T) department’s attempt to widen the tax base to meet targets. 
If you are earning interest over...
Premium Content
You can buy this article individually, which will give you access only to this article.
Pay Per Article Gift An Article
Your annual or monthly subscription will give you access to articles, published within your subscription period, not archives or future articles.
Yearly Digital Access Monthly Digital Access
Already a subscriber ? Log in
Free Helpline
Legal Credit