Over 35,000 property deals worth rRs.r55,000 crore face Income Tax scrutiny in Gurugram's Badshahpur
India, Oct. 9 -- A survey by the Directorate of Intelligence and Criminal Investigation (I&CI) of the Income Tax Department has detected major deficiencies in the reporting of high-value property transactions at Badshahpur tehsil in Gurugram, with more than 35,000 transactions worth over Rs.55,000 crore either not reported or incorrectly reported to the department.
The survey was conducted at the offices of the state land revenue authorities as part of the Income Tax department's ongoing exercise to check compliance in reporting high-value immovable property transactions by Tehsildars and Naib Tehsildars.
Officials said the transactions flagged during the exercise included cases where details were not furnished to the Income Tax departm...
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.