CameraIcon

SearchIcon

MyQuestionIcon

129

You visited us 129 times! Enjoying our articles? Unlock Full Access!

Introduction to GST

Income Tax De...

Question

Income Tax Department is set to block which identity of wilful defaulters in order to curb the menace of large-scale tax avoidance and evasion?

A

Aadhar Card

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Passport

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

PAN Card

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Ration Card

No worries! We‘ve got your back. Try BYJU‘S free classes today!

E

Driving License

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C PAN Card
Income Tax Department is set to block Permanent Account Number (PAN) of willful defaulters and their LPG subsidy and take measures to ensure that they are not sanctioned loans.

Suggest Corrections

thumbs-up

0

Similar questions

Q. What does the letter P denote in the term 'PAN', which is issued by the Income Tax Department?

Q. Government is committed to implement General Anti Avoidance Rule (GAAR) in the country from the next financial year. Consider the following statements:Which of the above statement(s) is/are NOT correct?

Only 1 & 2
Only 2 & 3
Only 1
None of the Above

Q. Select the depreciation method identified by income tax department.

Q. PRINCIPLE: Ignorance of law is no excuse.
FACTS: A fails to file his income-tax returns for ten years. The Income-tax department issues to him notice to show cause why proceedings should not be initiated against him for the recovery of the income-tax due from him with interest and penalty.
ADVISE.

Q. Between the year 1946 and the year 1955, I did not file any income tax returns." With that [5] statement, Ramesh embarked on an account of his encounter with the Income Tax Department. "I originally owed Rs 20,000 in unpaid taxes. With [6] and [7], the 20,000 became 60,000. The Income Tax Department then went into action, and I learned firsthand just how much power the Tax Department wields. Royalties and trust funds can be [8]; automobiles may be [9], and auctioned off. Nothing belongs to the [10] until the case is settled."

Blank 7

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Goods and Services Tax

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Introduction to GST

Standard X Mathematics

Join BYJU'S Learning Program

CrossIcon