Declare undisclosed income, assets by Sept 30, it's last chance: Modi

June 26, 2016

New Delhi, Jun 26: Sharing his thoughts with the nation through his 'Mann Ki Baat' radio programme, Prime Minister Narendra Modi on Sunday said the 'Beti Bachao, Beti Padhao' campaign has touched many lives and the results of various examinations show how women are excelling.

modiOn the occasion, PM Modi congratulated the country for having the first batch of women fighter pilots inducted into the Air Force. “On 18th June, first batch of women fighter pilots inducted in Air Force, we feel very proud, I congratulate them and their families,” he said.

“Yesterday in Pune I met college students who made one of the satellites that was launched by ISRO.

“This satellite signifies the skills and aspirations of the youth of India," PM Modi said.

He said that there was a need for more youth to choose science and research as their profession.

"I feel proud to see the contribution of our young students's contribution in the field of science and technology. I want more and more students of the country to ... and choose science and research as their profession," PM Modi said.

“The two satellites built by students and launched by ISRO are very important and special for me. This is a classic example of high ambitions of Indian youth,” he said his 21st edition of the Mann Ki Baat programme.

PM Modi said that the Indian Space Research Organisation (ISRO) had made the country proud.

"The matter of pride in the recent launch of the satellites was that 17 out of the 20 were the satellites of the foreign countries. Isn't this great. Our scientists are working hard to take our country to new heights," the prime minister stated.

“Like our farmers, our scientists too are working hard to take our country to new heights.

“For the last few weeks we have got positive news about rainfall in various parts of the nation.

“Scientists have forecast a good monsoon, I give my best wishes to my farmer brothers,” PM Modi said.

PM Modi also highlighted the success of the International Day of Yoga events across the world.

“Yoga has the power to connect the entire world, if only each one of us connect ourselves with Yoga. The International Yoga Day on June 21 was celebrated at over 1 lakh places in our country with enthusiasm,” he said.

PM Modi also asked people to declare their undisclosed income by September 30, making it clear that this is the last chance to avoid problems that will follow after the window of opportunity closes.

He said no questions would be asked about the source of the undisclosed income or assets if the declaration is made voluntarily by September 30.

"For those having undisclosed income, the government has provided a special chance to declare it by September 30," Modi said.

He said by paying a penalty, those having undisclosed money can free themselves from various kinds of burden.

"I have promised that there will be no inquiry into the source of the undisclosed income and assets if the declaration is made voluntarily. That is why I am saying it is a good chance for becoming a part of transparent system," he said.

"Let me tell the countrymen that this chance is till September 30. Consider this as the last chance," the Prime Minister asserted during the programme.

He said he has told BJP MPs that if anybody faces any problem after September 30 for not abiding by the rules, no help should be provided to them.

"It will be better that you take advantage of the window provided and save yourself from the difficulties that you can face after September 30," he said.

Modi said there was a time when taxation rules were such that people would tend to avoiding paying taxes.

"But gradually, times changed. Now, for a taxpayer, it is not much difficult to abide by the government rules. Still, old habits die hard," he said, adding there are still people who feel that it is better to avoid paying taxes.

"My plea is that by running away from rules, we lose our peace. Any small person can harass us. Why should we let it happen? Why not ourselves give correct information to the government about our income, about our wealth? For once, dispose off the baggage of the past. I appeal to my countrymen to get free from this," he said.

Comments

Suresh
 - 
Sunday, 26 Jun 2016

All our tax money already spend for foriegn tours. Even a signle deal is not happened by these tour. Instead of going on foriegn trip, we should be united and sstrong so that other countries should come to us. So no need to go there and convince them. Our Previous PM is one of the best PM to whom all other country Heads were asking guidence. By performing Yoga people can't live. People need basic things like food and water and shelter.

PK
 - 
Sunday, 26 Jun 2016

Cheddis and baba Ramdev should come forward first to disclose and be an example.... We look forward

Fakumodi
 - 
Sunday, 26 Jun 2016

Get lost. eaten our all tax money. now u want share in oue income also

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News Network
February 1,2020

New Delhi, Feb 1: The budget is a little more demanding of the non-resident Indian. Firstly, to be categorized a non-resident, an Indian now has to stay abroad for 240 days, against 182 previously. In other words, an Indian national, to claim the non-resident status, can’t stay in India for 120 days or more in a year.

“We've made changes in Income Tax Act where if an Indian citizen stays out of the country for more than 182 days, he becomes non-resident,” said Revenue Secy Ajay Bhushan Pandey. “Now in order to become non-resident, he has to stay out of the country for 240 days.”

The second rule is more deadly: a non-resident Indian, who is not taxed in the foreign country, will become taxable in India.

“If any Indian citizen is not a resident of any country in the world, he'll be deemed to be a resident of India and his worldwide income will be taxed,” said Pandey.

"It's a very big disadvantage for Indians residing overseas only to save on tax,"  said Dinesh Kanabar of Dhruva Advisors. He expects that many Indians stay abroad in countries, where the income tax is low or nil such as Dubai. Now they will be taxed in India if they are in the income tax bracket.

For Indians, finance minister Nirmala Sitharaman revised income tax rats and proposed new tax slabs.

The new income tax rates will, however, not allow exemptions under Section 80C. Home loan exemption, insurance exemptions, the standard deduction will also not stay under the regime.

"The new tax regime will be optional and the taxpayers will be given the choice to either remain in the old regime with exemptions and deductions or opt for the new reduced tax rate without those exemptions," Sitharaman said while unveiling Budget.

Comments

Kannadiga
 - 
Saturday, 1 Feb 2020

Good news NRIs vote for modi . 

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News Network
February 28,2020

Feb 28: The Supreme Court on Friday granted more time to the Central Bureau of Investigation (CBI) to file a counter affidavit on a petition filed by Karnataka BJP leader and mining baron Gali Janardhana Reddy seeking permanent relaxation on his bail condition to allow him to visit Karnataka's Bellari and Kadapa in Andhra Pradesh.

A bench of Justices Arun Mishra and Indira Banerjee listed the matter for further hearing on March 16 after the CBI sought more time to do file the counter affidavit.

Earlier, the apex court had issued a notice to the CBI and sought its response on the plea.

Last year, the Court had allowed Reddy to visit the Ballari district for a period of two weeks to meet his father-in-law, who the petitioner claimed had suffered a stroke and also allowed him to move a bail modification application seeking permanent relaxation of his bail condition.

In January 2015, the Supreme Court had granted bail to Reddy in an illegal mining case involving Obulapuram Mining Company (OMC) on the condition that he will not visit any of the mining zones in Karnataka or Andhra Pradesh.

By the time he was granted bail, Reddy had already spent over three years in prison.

Reddy and his brother-in-law BV Srinivas Reddy, who was the Managing Director of OMC, were arrested by the CBI on September 5, 2011.

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News Network
January 10,2020

Bengaluru, Jan 10: The Special Investigation Team (SIT), probing the murder case of journalist-activist Gauri, arrested absconding suspect Rushikesh Devdikar alias Murali (44) from Dhanbad district in Jharkhand on Thursday evening and is bringing him to the city.

Rushikesh is the 18th suspect arrested in the case, Chief Investigating Officer M N Anucheth said. The investigation has revealed that he was primarily involved in the conspiracy to murder Gauri.

Rushikesh, who was hiding in a house in Katras, Dhanbad, will be produced before the local Judicial Magistrate in Dhanbad on Friday, said Anucheth, adding that the SIT had searched his house for clues. "We will obtain a transit warrant from the court and then bring him to Bengaluru," the officer said.

Originally from Aurangabad in Maharashtra, Rushikesh's family still lives there.

Gauri Lankesh was shot dead near her residence at around 8.20 pm on September 5, 2017, by two bike-borne men.

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