After politicians, now its the turn of the APEX court to help the stinking rich folks.
Apparently they say "oversight" while filing tax is not a punishable crime.
Every person who gets audited by Income tax office is rich enough and does hire a reputed Chartered Accountant to file his taxes ( Am not saying the medium income group doesnt get audited .. just that its so rare and we can comfortably neglect them) . These so called CAs work hard to hide the income of their paymasters.
The only thing which was making them to be honest was a punitive action by the Government and now, the APEX ruling has quashed that too.
Apex ruling
Lets wait and see how much this affects the tax revenues for the Government
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