Your question: Who was the highest tax payer in India in 1992?

Who was the highest advance tax payer in 1992?

Harshad Mehta: The Return of Chutzpah. “I don’t create waves, I ride them”; and who paid an advance tax of Rs 26 crore, becoming the biggest individual taxpayer in the country—bigger than Dhirubhai Ambani.

Who is the highest tax payer company in India?

ONGC – Although there are consistent reports of incurring losses, Oil and Natural Gas Corporation remains the top corporate tax payer in India. The tax it pays is worth 11, 49.13 billion INR which is just over 50% of the profit the company earns.

Was Harshad Mehta a highest tax payer?

As Mehta sells a large number of shares directly impacting the prices and the price falls tremendously. This way he earned a huge amount of money. … He created a trustworthy image in the market and was also known as Amitabh Bachchan of stock market. He was one of the biggest Indian Tax Payer.

How much people are paying income tax in India?

A total of 5.78 crore individuals filed their income tax returns for the financial year 2018-19. Out of this, 4.32 crore individuals reported income below the tax bracket. A further breakup of the number reveals that 3.16 lakh people reported an income of over Rs 50 lakh.

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Did Harshad Mehta returned 500 crore?

UCO bank issued 50 crores to Harshad Mehta in clean credit i.e. without any collateral. The biggest bank in India, the State Bank of India, issued him Rs 500 crores on the basis of unverified bank receipts. This trust and his name was the catalyst in the 1992 Harshad Mehta scam.

Who is Harshad Mehta wife?

How much tax did Mukesh Ambani pay 2020?

In July this year, Mukesh Ambani addressed the 43rd Annual Meeting. During this, he had disclosed this. Reliance Industries has paid Rs 69,372 crore as GST and VAT amount. This is the largest payment made by any Indian company.

Does Ratan Tata pay tax?

The ITAT’s Mumbai Bench — comprising its President Justice P P Bhatt and Vice President Pramod Kumar — passed three separate orders on December 28, upholding the tax-exempt status of Ratan Tata Trust, JRD Tata Trust and Dorabji Tata Trust.

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