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I-T dept issues wealth tax notice to HNIs

The income tax department is getting ready to crack down on high networth individuals (HNIs) evading the wealth tax. The department is eyeing buyers of yachts, jets and luxury wheels and will soon proceed against these individuals, reports CNBC-TV's Aakanksha Sethi quoting sources.

May 02, 2011 / 22:57 IST
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The income tax department is getting ready to crack down on high networth individuals (HNIs) evading the wealth tax. The department is eyeing buyers of yachts, jets and luxury wheels and will soon proceed against these individuals, reports CNBC-TV

TAGS: #CNBC-TV18 Comments #DGCA #Directorate General of Civil Aviation #High Networth Individuals #HNIs #Income Tax Department #luxury assets #revenue intelligence #Wealth tax #wealth tax notice
first published: Apr 29, 2011 08:37 pm

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