Income Tax Deptt recovers Rs 12,121 crore in crackdown on fake tax relief claims
Jammu, Aug. 3 -- The Income Tax Department has recovered tax revenue worth Rs 12,121.91 crore through a nationwide technology-driven campaign to detect wrongful tax relief claims, fake deductions and tax evasion over the past two financial years, the Government informed the Lok Sabha on Monday. Replying to an unstarred question by MP Adv. K. Francis George, Minister of State for Finance Pankaj Chaudhary said the Central Board of Direct Taxes (CBDT) has detected numerous cases of wrongful tax reliefs and non-genuine deduction claims during the last five years through data analytics, verification exercises, searches and surveys conducted against entities, professional intermediaries and other persons suspected of facilitating fraudulent claim...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.