False news shared M K Venu and others reported fake news on Narendra Modi, related to income tax declaration. At Times Now event PM said only 2200 people show taxable income of Rs1 crore plus annually.
Multiple Fake news claims-: False news shared M K Venu and others reported fake news on Narendra Modi, related to income tax declaration. At Times Now event PM said only 2200 people show taxable income of Rs1 crore plus annually.
The fact is 97,689 persons declared income of Rs.1 cr and above in 2018-19 AY. Such gaffes, also seen in the past, represent chaotic governance at some deeper level! And this from strongest PMO!
At Times Now event PM said only 2200 people show taxable income of Rs1 crore plus annually. Fact is 97,689 persons declared income of Rs.1 cr and above in 2018-19 AY. Such gaffes, also seen in past, represent chaotic governance at some deeper level! And this from strongest PMO!
— M K Venu (@mkvenu1) February 13, 2020
IT dept has officially endorsed data given by PM that there are only 2200 professionals - CA, lawyers, doctors, etc- who show annual taxable income of Rs.1 crore & above. Actually the big four CA firms have over 2000 partners & 2nd level directors earning that much!
IT dept has officially endorsed data given by PM that there are only 2200 professionals - CA, lawyers, doctors etc- who show annual taxable income of Rs.1 crore & above. Actually the big four CA firms have over 2000 partners & 2nd level directors earning that much!
— M K Venu (@mkvenu1) February 13, 2020
The BJP IT cell only started the controversy by tweeting from the @BJP4India handle that the PM said only 2200 people have declared income above 1 crore. With such misreporting of their own leader’s statement they are now lashing out at everyone else who is correcting them! https://t.co/KkI17L5HoN
— Rohini Singh (@rohini_sgh) February 13, 2020
Seeing 130 cr population - Income Tax think they can collect tax more & more by increasing the net. Only 1.5 cr people paying tax as per PM's speech. PM says only 2200 declared Rs. 1 cr & above to Income Tax. (This data not correct. 97,689 people declared above Rs 1 cr income) https://t.co/dWuh9lyDFm
— J Gopikrishnan (@jgopikrishnan70) February 12, 2020
Facts Check Verdict: False
News Verification: Many people on social media including the left-wing sympathizers quoted it wrongly about the PM statement made recently about the tax declaration and the number of people who declare tax having an income of more than 1.5 crores.
In a recent event at times now on February 12, the OM said out of the total population of India of about 130 crores, only 1.5 crore people pay their taxes and number of people announcing income over 50 lakhs is just 3 lakh. Watch the video below.
#LIVE | Income tax is necessary for development: Prime Minister @narendramodi addresses the first TIMES NOW SUMMIT 2020. | #TimesNowSummit pic.twitter.com/zmlxzns6SC
— TIMES NOW (@TimesNow) February 12, 2020
The PM actually was actually talking of professionals working in India and this was that figures, he said, “among the numerous professionals, only 2200 professionals declare their annual income to be above Rs 1 crore.”
It is tough to understand how a journalist can hear it all wrong and try to peddle fake news. MK Venu, the founder of the far-left propaganda website, The Wire.
As per Income tax department, “In the ITRs filed by individuals in a current financial year, only about 2200 Doctors, Chartered Accountants, Lawyers &such other professionals have disclosed annual income of more than Rs.1crore from their profession(excluding other incomes like rental, interest, capital gains, etc)6/6”
In the ITRs filed by individuals in current financial year,only about 2200 Doctors,Chartered Accountants, Lawyers &such other professionals have disclosed annual income of more than Rs.1crore from their profession(excluding other incomes like rental,interest,capital gains etc)6/6
— Income Tax India (@IncomeTaxIndia) February 13, 2020
Certain misinformation is being circulated in Social Media pertaining to individual return filers.
— Income Tax India (@IncomeTaxIndia) February 13, 2020
CBDT clarifies:
During the current financial year, 5.78 crore individuals filed returns disclosing income of financial year 2018-19..1/6
Out of these,1.03 crore individuals have shown income below Rs 2.5 lakh & 3.29 crore individuals disclosed taxable income between Rs.2.5 lakh to Rs.5 lakh.
— Income Tax India (@IncomeTaxIndia) February 13, 2020
Out of 5.78 crore returns filed during this financial year,4.32 crore individuals have disclosed income upto Rs 5 lakh..2/6
Hence, only around 1.46 crore individual tax payers are liable to pay income-tax.
— Income Tax India (@IncomeTaxIndia) February 13, 2020
Further, around 1 crore individuals disclosed income between Rs. 5-10 lakh and only 46 lakh individual tax payers have disclosed income above Rs.10 lakh...4/6
In the video PM, Modi was not stating the total number of people who had declared income over Rs 1 crore. He was specifically discussing the number of professionals and had mentioned clearly that out of the many professionals in India, only 2200 people had declared an income over Rs 1 crore.
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