Janaki Jambunathan
Active member
I am not digging skeletons! The thread was closed on request by its author - Like going to Brittania AGM take the complimentary Biscuits and walk away without participation!
This is about Aadhar & the fear of privacy - Looks the concerns are true and geuine!
“We can’t keep waiting for people to come forward and declare,” Ashutosh Jindal, Joint Secretary, Ministry of Petroleum and Natural Gas told The Hindu
“Essentially, under the Income Tax Act, there is a provision of confidentiality but that applies to only non-governmental agencies,” Dinesh Kanabar, CEO, Dhruva Advisors, told The Hindu .
“As for companies, there is a constant sharing of information between customs and income tax. That kind of sharing happens all over the world.”
The Income Tax Department is well within its right to provide the Ministry of Petroleum and Natural Gas information on people earning more than Rs. 10 lakh a year, Mr. Kanabar said.
“They can say that, as per tax returns, these people earn more than Rs. 10 lakh. They cannot, however, divulge the exact income these people are earning since that is not relevant.”
https://www.google.co.in/url?sa=t&r...th1VJNTFiydWIq0vA&sig2=FRCNbgndpQEX_HU6ztLF3Q
This is about Aadhar & the fear of privacy - Looks the concerns are true and geuine!
“We can’t keep waiting for people to come forward and declare,” Ashutosh Jindal, Joint Secretary, Ministry of Petroleum and Natural Gas told The Hindu
“Essentially, under the Income Tax Act, there is a provision of confidentiality but that applies to only non-governmental agencies,” Dinesh Kanabar, CEO, Dhruva Advisors, told The Hindu .
“As for companies, there is a constant sharing of information between customs and income tax. That kind of sharing happens all over the world.”
The Income Tax Department is well within its right to provide the Ministry of Petroleum and Natural Gas information on people earning more than Rs. 10 lakh a year, Mr. Kanabar said.
“They can say that, as per tax returns, these people earn more than Rs. 10 lakh. They cannot, however, divulge the exact income these people are earning since that is not relevant.”
https://www.google.co.in/url?sa=t&r...th1VJNTFiydWIq0vA&sig2=FRCNbgndpQEX_HU6ztLF3Q