Tax dodgers and IT Dept.

This should make the IT Dept think and Act. Many companies Executives are earning more than a crore by way of salaries and perks.Many live on company expenses without reflecting on either salary or Perks. The list 42800 is grossly underestimated and it is a challenge to the IT dept and the ministry. It only smacks of the poor tracking system of incomes earned. It also reflects the efficiency and ingenuity by which people find escape routes to evade tax. Even a blind and illiterate person in India cannot accept this figure as correct.The flats quoting Rs more than 5 crores are sold like hot cakes in Mumbai and other metrpolitan centers. Self employed persons and professionals earns in crores and they have ways and means to get out of tax net or declare a symbolic amount and pay tax. IT officials, Chartered Accountants, and other honest citizens know that the number is wrong and the information system, method of filing returns, compliance by employers etc are erroneous. It is not a difficult taskl to arrive at the correct number through some checks and balances properly tied with SEBI, Bullion Markets, Stock markets, registrars, banks, etc using IT to the optimum level. Once the FM takes the initiative, the number should be minimum ten fold and the FM can raise the revenues what he targets to reduce the Fiscal deficit to a great extent. . Dr.T.V.Gopalakrishnan  (This comment apperaed in Times of India in response to Budget 2013-14 the FM warns Tax dodgers and no amnesty)