Prime Minister Narendra Modi on Sunday urged citizens to disclose their undisclosed income by September 30.
“I urge everyone to disclose undisclosed income by September 30. This is the last chance to avoid any problems,” Modi said in his monthly radio address ‘Mann Ki Baat’.
“We lose our peace by violating rules, why not give correct information about our income and assets to the government,” he added.
The premier announced that a mechanism will soon be unveiled by the revenue department to keep track of undisclosed income. Modi said he had instructed the officials from the income tax, revenue and excise departments to forge good relation with tax payers and build an atmosphere of trust with them.
The prime minister said that it is tough to believe that living in huge bungalows have annual income of less than Rs 50 lakh.
“In a country where a government employee donates Rs 5,000 every month out of his monthly pension of Rs 16,000, nobody has a right to evade taxes.”
Modi expressed surprise over the fact that there are 1.5 lakh people with taxable income over Rs 50 lakh in India.