The Petroleum Ministry has asked the Central Board of Direct Taxes (CBDT) that the voluntary “GiveItUp” scheme is not making much progress and to include the ministry as a recipient of ITRs under the Income Tax Act so that it could weed out those with annual income above Rs 10 Lakhs from the subsidy scheme and at the earliest they will have to submit a copy of income tax return (ITR) every year to the LPG dealer to claim subsidy on cooking gas cylinders.


By last week the ministry has penned to CBDT that the information which is related to taxable income of LPG consumers is critical to implement the decision to exclude consumers belonging to higher income group from availing subsidy, and this information on taxable income of LPG consumers is required every year.


Presently the authorities implementing the Foreign Exchange Management Act, Prevention of Money Laundering Act, Serious Fraud Investigation Office and the National Food Security Act are among the few that have this permission and a government official has said that nearly 70 Lakhs people had given up the subsidy under “GiveItUp” scheme since it was launched in March 2015.


The ministry has also written to the director (marketing) of Indian Oil, Bharat Petroleum and Hindustan Petroleum that a consumer who is otherwise receiving subsidy will become ineligible to claim subsidy as and when taxable income of self or spouse is more than Rs 10 Lakhs in the subsequent fiscal year.



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