Splurg­ing big? Be­ware, the tax­man will be watch­ing

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - Gau­rav Choud­hury gau­rav.choud­[email protected]­dus­tan­times.com NEW DELHI:

If you have re­cently decked up your bath­room with fancy fit­tings or picked up a swanky plasma-screen tele­vi­sion set, then tax­men could be pro­fil­ing you as part of a new di­rec­tive to scoop “in­for­ma­tion on ev­ery­thing about a tax­payer”.

The government will launch a com­pul­sory “360 de­gree pro­fil­ing” of in­come tax as­sesses, for which in­come tax of­fi­cials will closely track your spend- ing. Re­cently, a cus­tomer who bought a dap­per over­coat worth Rs11,000 was ran­domly asked by the cashier at a city mall to re­veal his PAN.

Buy­ing ex­pen­sive watches, stylish wardrobe ad­di­tions, fam- ily hol­i­days and even top- end sun­glasses — could lead the tax­men to your doorstep, es­pe­cially if your tax pay­ments and re­turns are not in or­der.

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