Many of us would remember having been scared watching the 1997 Hollywood blockbuster, I know what you did last summer.

While the mystery movie and its sequels, I still know what you did last summer and I’ll always know what you did last summer, had we scared out of our wits, it is now time to be really frightened and petrified, if you have earned income in India and have not filed your return of Income.

The Income Tax department, through its non-filer monitoring system, has identified about 13.7 million people with potential tax liabilities who have not filed their return of income.

In plain and simple words, it means, they know what you did last year.

It's only fair to share...
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The single biggest tax reform in the history of the nation has finally become a reality. Goods and Services Tax has become a matter of our lives for ever.

This overhaul of the country’s tax regime is believed to unify the entire population of 1.3 billion and the economy of the country worth US$ 2 trillion into one unified common market.

It’s no mean matter that GST is the topic of discussion for everyone. In a scenario where everyone has a comment on this subject, let us really understand the gist of the matter.

It's only fair to share...
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Replies: 1