y k y cm UNCANNY RESEMBLANCE YEDI GOES YOGI WAY NZ DELAYS ELECTION Dancer-actor Nora Fatehi’s music video draws Karna govt to recover cost of public and private PM Jacinda Ardern chose to delay national polls global attention with many finding it to properties destroyed in the Bangalore as the country deals with COVID outbreak in Auckland be inspired by Beyonce LEISURE | P2 city riots from rioters TWO STATES | P7 INTERNATIONAL | P10 VOLUME 10, ISSUE 137 | www.orissapost.com BHUBANESWAR | TUESDAY, AUGUST 18 | 2020 12 PAGES | `4.00 IRREGULAR by MANJUL Big transactions exempted from ITR AGENCIES transactions in his/her return." from third parties through SFT is the They said collecting reports of high- best and the most effective non-intru- New Delhi, August 17: Taxpayers value transactions was the most non- sive method to catch evaders, sources will not be required to mention their intrusive way to identify those who said. The Income Tax Department high-value transactions in their in- spend big money on various items and currently receives information like come tax returns (ITR) , officials in yet they do not file income tax returns cash deposit/withdrawal from saving the know of the development said. by claiming that their income was less bank accounts, sale/purchase of im- "There is no such proposal to mod- SIMPLER THE BETTER than `2.5 lakh per annum. movable property, credit card pay- ify income tax return forms," an offi- These items include business class ments, purchase of shares, debentures, cial said, responding to reports of the n Such reporting of high-value transac- air travel, foreign travel, spending big foreign currency, mutual funds, among One should not spread hatred tions to the I-T department will be done on it. Facebook is just meant proposed expansion of reportable fi- money in expensive hotels, or send- others. ` nancial transactions to include hotel by financial institutions ing children to expensive schools. It receives such information "spec- AG notices 48 cr to stalk one’s exes! payments over `20,000, life insurance n Only third parties would report high- Finance Ministry sources said the ified persons" like banks, mutual funds, premium payment over `50,000 and value transactions to the I-T depart- Income-Tax Act already provided institutions issuing bonds and registrars health insurance premium payment ment as per the Income Tax Act for quoting of PAN/Aadhaar for cer- or sub-registrars with regard to indi- SHORT TAKES over `20,000, donations and payment of n These items include business class air tain high-value transactions and viduals having high-value financial hole in road work school/college fees over `1 lakh a year. travel, foreign travel, spending big their reporting by the third parties transactions since the financial year 2016 Any expansion in reporting under money in expensive hotels, or sending mainly for the purpose of widening onwards. POST NEWS NETWORK September 2014 and the con- Pt Jasraj no more the statement of financial transactions children to expensive schools the tax base. In the 2020-21 Budget, the govern- tract was awarded at a cost (SFT) will mean that such reporting of "It's an open fact that in India, only ment revised the format of Form 26AS, Bhubaneswar, August 17: of `38.35 crore in July 2015 New Delhi: high-value transactions to the I-T de- identify people who are not paying up a tiny segment of people pay taxes and stating that all such information from The Accountant General for completion by July 2017. Indian classical partment will be done by financial in- due taxes, and not for examining af- all those who should be paying their different SFTs would be shown in the (AG) has found additional ex- The contractor did not vocalist Pandit stitutions, they said. fairs of honest taxpayers, they said. taxes are actually not paying their new Form 26AS. It is an annual con- penditure of `48.28 crore in expedite the work despite Jasraj died Only third parties would report "There is no such proposal to mod- taxes," a source said. solidated tax statement that can be ac- execution of rail over bridge repeated instructions from Monday high-value transactions to the I-T ify income tax returns forms," an of- The I-T Department is relying more cessed from the income-tax website by (ROB) and road projects due the executive engineer. It following a department as per the Income Tax Act. ficial said. "The taxpayer would not and more on voluntary compliance taxpayers using their permanent ac- to technical faults by the carried out only earthwork, cardiac arrest at his home in Such information would be used to need to mention his/her high-value and, hence, expenditure data collected count number (PAN). works department. sand filling, cast-in-situ piles, New Jersey, his daughter Durga Deputy accountant gen- among others, that added Jasraj said. He was 90. One of ` India's greatest music legends, eral of Odisha has written up to 10.80 crore (28 per Pandit Jasraj leaves behind a two letters to works secre- cent of the contract price). storied legacy spanning almost STATE SQUAD tary seeking comments on It was abandoned in March eight decades. “Bapuji is no the findings of the auditor. 2018. The leftover work was More rains likely; CS vets situation ` more,” Durga, also a musician, ` The findings are proposed assessed at 27.55 crore. said over phone from Mumbai. BUSTS 712CR POST NEWS NETWORK FRESH LOW-PRESSURE LIKELY OVER have been asked to send detailed re- to be included in the report As per the audit report, She was inconsolable and NORTH BAY OF BENGAL AROUND ports to the Special Relief Commissioner of the Comptroller & original detailed project re- could not speak any more. Bhubaneswar, August 17: Rain-soaked AUGUST 19 (SRC) for appropriate steps. Auditor General of India port (DPR) was technically Jasraj, who belonged to the GST FRAUD Odisha, which witnessed a flood-like Regarding the fresh low-pressure (CAG) for the year 2019-20. sanctioned with provision CS ASKS COLLECTORS TO SUBMIT Mewati Gharana, was in the US POST NEWS NETWORK situation in several areas, is likely to see area taking shape over the Bay of Bengal, The AG, in its letter, said of four spans of 37.24 metre when the lockdown happened. P2 more downpour over next three days with DAMAGE REPORT TO SRC the CS said the government is keeping an extra cost of `36.68 crore length and nine spans of 37 Bhubaneswar, August 17: The a fresh low-pressure area brewing over said the situation in the affected dis- a close vigil on the emerging situation was made for the ROB proj- .24 metre length with an ap- State GST Enforcement Squad the Bay of Bengal. While many parts of tricts is under control while commu- and is well prepared to deal with it. ect at Kudiary near Jatni be- proach road from Khurda Susanta tests nCoV +ve Monday arrested the kingpin of a the state have been battered by heavy rain nication was temporarily snapped in Revenue and Disaster Management tween Retanga and Khurda and Pipili sides respectively. Bhubaneswar: GST racket involved in genera- due to three back-to-back low-pressure some places in Malkangiri due to sub- Minister Sudam Marndi said the districts Road stations while techni- The technical sanction ` Rural tion of fake invoices worth 712 areas so far this month, a new one is likely mergence of low-level bridges and roads. have been put on alert. People are being cal faults in road projects for the project was based Development and crore and passing of bogus input over the Bay of Bengal around August Tripathy reviewed the prevailing sit- rescued and moved to safe places wher- led to extra cost of `11.60 on the certificate of the ex- Labour Minister tax credit (ITC) of `129 crores over 19 which will bring in more downpour, uation at a meeting with Collectors and ever necessary, he said. The exact mag- crore to the state exchequer. ecutive engineer and su- Susanta Singh multiple transactions routed said Bhubaneswar Meteorological Centre senior officials of Malkangiri, Jajpur, nitude of the damage caused to crops, There was laxity during perintendent engineer. Monday said he through different chains. in a bulletin issued Monday. Dhenkanal, Deogarh, Kendrapara, houses and other properties will be as- the primary survey ahead of However, due to their faulty has tested positive for COVID-19. SK Lohani, Commissioner The low pressure is likely to become Subarnapur, Bhadrak, Boudh and certained after getting the assessment construction of the ROB survey, traffic jam and road The MLA from Bhatli Assembly (CT&GST), Odisha said the mas- more marked during subsequent 24 Bargarh, following directions from Chief reports, the minister said. Life was leading to abandonment of blocks occurred in the site. constituency is the first minister termind, Kashmira Kumar hours and move westwards gradually, Minister Naveen Patnaik. thrown out of gear in several areas of work. This called for a re- The reason for abandon- in Odisha to have been infected Agrawal, Director of M/s it said. Heavy downpour since August Malkangiri district recorded a max- Malkangiri, Dhenkanal and Bhadrak vision of the design and ment of the work was at- with the virus. "I have tested Madhumita Steels Industries Pvt 13 has created a flood- like situation in imum rain of 463.2 mm during last three districts with many villages cut off from drawings causing an extra tributed to political inter- positive for Corona and I am Ltd, has been arrested from some parts of the state, snapping road days under the influence of the low- the rest of the state as roads were sub- cost of Rs36.68 crore, the ference to shift the approach stable now.