Government collect tax in other sources. Government is ready to collect tax through these means after exemption, know about it

The country’s general budget has arrived on February 1, 2023, while this budget was presented in the Parliament by the country’s Finance Minister Nirmala Sitharaman. Let us tell you that in this general budget-2023, the government had made a big announcement and provided a big tax exemption, after which the people got a big relief. On the other hand, the government will now compensate this exemption through other means, for which the government has started preparations, where the government will collect additional tax. Today we are going to give you detailed information about it.

Government will collect additional tax from these places

Tell that the government will now collect additional tax in the name of residential property development by check and cash, buying and selling of gold etc. Along with this, the rules for developing one’s own property through a contractor have been further tightened, while it will be difficult for people to hide their tax due to this. Tell that till now when people make many flats in the old property, then they keep the flats according to their need, while after that they sell the rest of the flats. In such a situation, the government has now brought new rules for this sale.

It is necessary to give this information

Tell that till now people used to take money as well as cash and checks for the purchase of property, whose information they did not have to give, but now they have to give this information. According to the new rules, now it is necessary to show all kinds of amounts, while if gold or any other valuable item is taken or given in the purchase of property, then it has to be told to the government as capital gain or profit of the property.

This is how the government will deal with thieves

The government has also taken care of dealing with thieves in the new rules, where the government is preparing to stop GST evasion. For this, the government will set up new forensic labs in collaboration with GST Intelligence in different parts of the country, where officers will be provided training to deal with digital frauds.

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