Details of Assets,Source of Income,Constitution of the Companies/NGOs, and ownership patterns are available with the Registrar of Companies.
To augment and verify these facts are Chartered Accountants,Company Secretaries, Institute of Chartered Accountants of India and Association of Company Secretaries.
To keep tab on all these, who lie professionally , is the income Tax Department.
The information sought can be obtained from any or all these sources and appropriate action can be taken.
For information on immovable assets, you have Registrar’s Office for verification.
The catch is people lie.
They can be caught only if the so-called professionals ,Chartered Accountants, Company Secretaries and Income Tax Department officials are morally upright.
CAs and Company Secretaries must desist from aiding the creation of black money and falsification of Accounts.
With out their help, tax evasion or creation of black money is impossible.
Lawyers,like Jethmalani and his ilk must desist from arguing cases for scamsters and criminals, hiding behind the cloak of professional Ethics,Hocking their conscience to Mammon.
How many Civil Society enthusiasts have filed an honest IT returns?
How many Doctors keep records and file their income to IT department?
Only those fools who are salaried have their taxes deducted(the company that deducts their taxes evades tax!)
Unless individuals reform ,system can never be reformed for systems are made by man and are broken by man.
Paper pushing reforms led by a naive Anna Hazare will lead nowhere, excepting generate news columns.
Shanti Bhushan, an eminent lawyer on the band wagon of Anna Hazare , states.
‘”We are preparing a proposal that all institutions which have assets higher than a prescribed limit should disclose details about their ownership patterns, management and source of funding to ensure some kind of transparency in all institutions. There will be no exception, all organisations, business houses, media institutions will be covered under this. This has not yet been discussed with the government but we plan to take it up in subsequent meetings,”..
Leave a Reply