With the final phase of the general elections approaching on May 13, the income-tax department is gearing up to scrutinise all the income and assets details filed by the candidates before the Election Commission. According to official sources, the department has asked its offices and assessing officers across the country to start the scrutiny of the I-T returns as soon as elections get over. “The department will get the bulk of the tax returns of the candidates from across the country from the Election Commission soon. With the end of the polling on May 13 and counting of votes on May 16, the data would be dispatched to the chief commissioners and commissioners in various parts of the country”.
I-T returns of candidates to come under lens after polls
CA Manish K Dhoot (CA, B. Com, NCFM, CPCM) (5015 Points)
09 May 2009