I-T Department Lens on High Spenders

2023 • 20min • News • Business


Published On: April 28, 2023 - Income Tax evaders may no longer be spared as the IT department plans to track high spends on international travel, luxury goods, IVF treatments, and more. In its bid to boost tax collections and widen the tax net, the government is looking at ways to ensure high-value spenders are not able to evade the tax net. Shweta Kothari joins Shrimi Choudhary, Senior Editor, Business Standard, tax expert Amit Singhania and News9�s Kartik Malhotra to understand how the I-T department is planning to widen the taxpayer base to nearly 86 million in FY24 and whether the target is too ambitious.