Tax evaders cannot escape now

April 10, 2015 13:03
Tax evaders cannot escape now

High court strictly ordered about the the International tax system and assigned few changes where the tax payers cannot escape from paying the tax.

Court said that instead of the security certificate, the petitioners should deposit the money directly into the bank account and further said that money should not be used for any other issues at any cost.

High court ordered Andhra Pradesh and Telangana governments to submit counter files immediately. “The system is going to be more updated and all those will be known to the public in short time”  it added.

Previously, as there are no such bank accounts, many complains arose in the tax system saying money is being used in many illegal ways and many times such money is not even accounted for.

Due to this, there is a a high mislead of the accounts and to stop this kind of activities, high court strictly said that all the petitioners should deposit the money in the bank itself and at any case, that money should not be used for other purposes or at least drawn out.

Now many tax payers are bound to pay tax strictly as there is no such way to escape from it. By this decision, few of the intellectuals opined that evading taxes is never appreciable anywhere and it is treated as a serious crime in any part of the world. Keeping this in mind, it would be better if all the tax payers pay the taxes in time and escape from the further consequences.  

by Phani

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Tagged Under :
Tax system  AP  Telangana