Tuesday, January 26, 2021

Facebook, WhatsApp users be aware! Taxmen keeping tab on your accounts

Jamshedpur, June 23:  If you are sharing pictures with your new car or foreign vacations on social media sites, you need to be extra cautious.

Income tax officers are using social sites to make an estimate of your earnings though these accounts.

In other words, a picture posted by you on any of the social sites can land you in trouble.  

If you have bought new car or have gone one foreign trip  and posted the pictures of both the event on Facebook or any other social sites, then income tax officer can make it a base while estimating your tax .

While no official statement has been issued by the IT department. According to an IT officer, the pictures posted on social sites are publicly available and in this regard questions can be asked from the taxpayers.

A specialist associated with the tax affairs says that if a person submits his income details for a financial year and in the same year his income exceeds the estimate then in that case questions can be asked.

For instance, if you have bought a car or gone on a foreign trip and shared the pictures on social sites then you will have to provide details of the income.

Meanwhile, the taxpayers are against this and consider it a step of snooping on the private life of a person.  

“Social sites are used to share moments of the personal life and if income tax department plans to monitor then questions will be raised by the taxpayers which would increase burden on common man,” said chartered accountant Dinesh Choudhary.

The Central Board of Direct Taxes (CBDT), the apex body of the income tax department, has not issued any directive to its tax officers to scour social media.

However, an I-T official admitted he finds it useful, in certain instances, to look up social media posts of a taxpayer to gather information.

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