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Abdul Rahman

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Bollywood

Friday Flashback: “Wouldn’t marry Anil Kapoor, he is hypersensitive”: Madhuri’s 1989...

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News

Watch: Man gets Rs 20,000 in 10 rupee coins from Delhi...

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ranveer
Bollywood

When Ranveer Singh had to pad it up!

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Indor-Patna Train Accident
Hollywood

63 killed, 150 injured as Indore-Patna express train derails in Kanpur

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Technology

Nokia’s Android Phones Could Debut in February After 2017 ‘Return to...

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News

12 Passengers Injured As Passenger Train Derails In Rajasthan

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Indian Army
News

Assam: Three jawans killed, several others injured in encounter with suspected...

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Don’t allow account misuse, government warns housewives, artisans NEW DELHI: The government cautioned on Friday that the misuse of accounts of housewives, artisans and workers or Jan Dhan accounts to convert black money into new denomination notes would invite prosecution under the Income Tax Act and would be subject to tax and penalty. A statement issued by the finance ministry said, "A person who allows his or her account to be misused for this purpose can be prosecuted for abetment under the Income Tax Act." Such tax evasion activities can be made subject to income tax scrutiny and a penalty will be imposed if it is established that the amount deposited was not of the account holder, it added. The statement, however, clarified that genuine persons having their household savings in cash and depositing the same in banks would not be questioned. The government had earlier announced that common citizens would not be harassed for any deposit up to Rs 2.5 lakh in their bank accounts. "There are some reports that people are using other persons' bank accounts to convert their black money into new denomination notes," it said. The clarification was issued after the finance ministry received intelligence reports that rewards were being offered to account holders who allowed their accounts to be misused. "This activity is reported in case of Jan Dhan accounts also," the statement said. The government urged citizens to help the government in its drive to curb black money and asked them to inform the I-T department if such illegal activities came to their notice, promising that immediate action would be taken against any illegal transfer of cash. "Black money is a crime against humanity. We urge every conscientious citizen to join the government in eradicating it," it said. A notification issued by the Central Board of Direct Taxes (CBDT) said all cash deposits between November 9 and December 30 — the window to deposit demonetised currency notes — should be reported by January 31. The requirement for banks to report cash deposits in current accounts is Rs 12.50 lakh, in one or more current accounts of a person.
News

Don’t Allow Account Misuse, Government Warns Housewives, Artisans

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Ireland Baldwin
Hollywood

Ireland Baldwin poses for sexy shoot wearing nothing but a negligee...

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Cricket

Virender Sehwag different from other cricketers of the world, Check the...

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APLICATIONS

khadi and modi
News

Narendra Modi replaces Gandhi in charkha photo: What is the BJP...

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In an unprecedented display of hero worship and sycophancy, the Directorate of Advertising and Visual Publicity (DAVP) has made Narendra Modi the theme of...
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