tax evasion
Searches were conducted at 20 locations of real estate major Hiranandani group in Mumbai and other cities by the Income Tax department in connection with alleged tax evasion. People from the Income Tax department who are aware of the developments are saying that the simultaneous searches had been conducted at many locations of the group [...] Continue Reading »
Delhi- On a measure to curb tax evasion and ensure 100 percent property tax collection, the North Delhi Municipal Corporation has been planning to start door-to-door collection of property tax. As per the plan, the plot sizes will be measured on the spot through an equipment supplied by the Corporation and calculation of property tax [...] Continue Reading »
Currently financial intelligence agencies are scrutinizing service tax payment of several real estate companies across the whole country. The real estate firms are suppose to pay 12.5 per cent service tax but they doubt that many real estate companies are ignoring service tax. This search initiated on January 2, 2013. And thus it was found out that firms providing [...] Continue Reading »
The South Municipal Corporation has found out a new way to ensure that the notice of property tax is delivered to the tax evaders. They have organised a team of officials to serve notice to tax evaders and this process will be recorded in video. In case a property owner approaches the court saying that [...] Continue Reading »
The nerve center of Chennai, Anna Salai has the maximum number of high-value property tax evaders. Most of the properties in the city corporation fall into the tax defaulters list. About 50 properties of Anna Salai fall under the top 50 tax arrears list and the tax arrears of each of these properties range between [...] Continue Reading »
The Income Tax department has raided 45 premises of Indore’s 10 real estate firms. As per reports, 300 officials conducted the operations and recovered Rs 2 crore in cash and sealed 15 lockers of nine realtors. Officials of I-T department said that a host of irregularities have come to the fore during the raids which [...] Continue Reading »
Chikmagalur Municipality is set to cross check the plinth area of each construction in the city with their self-assessment scheme to find out about house tax evasion. The CMC president CR Premakumar said that they have formed four groups, headed by revenue officers, which would visit residential and commercial buildings. The groups will collect details [...] Continue Reading »
Vigilance sleuths in Bhubaneshwar Orissa, have alleged that nine industrial units were found to be involved in the crime of evading taxes. Some prominent names that have come up were Jindal Stainless Limited, Vedanta Aluminium Limited, Visa Steel Rathi Steel and Power Limited and Bhusan Power and Steel Limited amongst others. The report was made [...] Continue Reading »
The sales tax department has threatened to take action against many builders after having come across several cases of tax evasion. The Builders have already collected Tax on under-construction property from the property buyers. But only a few have deposited it. Construction projects in the city and the state are once again under the scanner. [...] Continue Reading »
