Hold on to that urge to show off pics on Facebook or Twitter. Taxman could be watching!
Zee Media Bureau
New Delhi: Hold on to that urge to show off your new designer Prada or Louis Vuitton bag or pictures of a foreign trip on social media sites like Facebook, Twitter or Instagram.
And that is in case if you have been underpaying your taxes. According to The Times of India report, sources in the Central Board of Direct Tax (CBDT) disclosed that social media accounts have become the new means to zero in on suspected defaulters.
Besides the credit card statements, bank transactions and social media accounts have become an easy way to keep watch on tax evaders or black money suspects.
With the surge in the number of Indians using social media in recent years, the country's I-T department has now started using information from all the social networking sites alongside old routine methods to nab tax offender, said the report.
In case of those who did not pay income tax but are seen on foreign trips twice or three times in a year, it becomes easy to figure out that the person has not given an accurate account of his information.