FinMin defends proposal to bring some expenditures under I-T scanner

Sources say burden on reporting transactions will not fall on assessees

Finance ministry sources on Sunday defended the proposal to bring some "high value transactions" under the income tax scanner even as the government had on Friday withdrawn the tweet which talked about the proposal to bring certain transactions such as Rs 20,000 spent on hotels under the income tax scanner.

Sources clarified that onus of reporting such transactions will not fall on the taxpayer, but third parties. This would not lead to any modification in the income tax returns, they said. 

The tweet was put up by mygovindia, a platform founded by the government to promote the active participation of citizens in