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  • LPG subsidy: I-T to share data of taxpayer who earn above 10 lakh

    Published on December 20, 2016

    lpgNew Delhi: In an attempt to check pilferage of subsidy on cooking gas by the higher income groups, the Income Tax department will soon begin sharing with the Petroleum and Oil Ministry details of all individual taxpayers whose annual income exceeds 10 lakh rupees.

    The tax department, apart from sharing the names of such people, will also share personal details of a taxpayer like Permanent Account Number (PAN), date of birth, gender, all available addresses in the I-T database, email id and the residential phone and mobile numbers.

    The move has been approved by the Central Board of Direct Taxes (CBDT), in the backdrop of government’s decision which had said that tax payers with annual income of more than 10 lakh rupees will not get subsidised cooking gas (LPG).

    The government has already asked   rich to voluntarily give up LPG subsidy and buy

    cooking fuel at market price.