Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: form 3cd :: articles on VAT and GST in India :: empanelment :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: cpt :: Central Excise rule to resale the machines to a new company
 
 
From the Courts »
  Vatsala Shenoy vs. JCIT (Supreme Court)
  Vatsala Shenoy vs. JCIT (Supreme Court)
 M.K.Overseas Pvt. Ltd. Vs. Pr.Commissioner Of Income Tax-06
 Arshia Ahmed Qureshi Vs. Pr. Commissioner Of Income Tax-21
 CHAUDHARY SKIN TRADING COMPANY Vs. PR. COMMISSIONER OF INCOME TAX-21
  Sushila Devi vs. CIT (Delhi High Court)
  Vatsala Shenoy vs. JCIT (Supreme Court)
 Deputy Director Of Income Tax Vs. Virage Logic International
 Commissioner Of Income Tax-3 International Taxation Vs. Virage Logic International India
 Pr. Commissioner Of Income Tax-06 Vs. Moderate Leasing And Capital Services Pvt. Ltd.
 ITO vs. Vikram A. Pradhan (ITAT Mumbai)

A C I T 16(3) Matru Mandir, Tardeo Road Mumbai 400007 Vs. M/s. Munjani Brothers 2043, Panchratna Opera House, Mumbai 400004
December, 09th 2014

The Kozhikode Income Tax Commissionerate will serve notices on more than 23,000 tax defaulters from northern districts of the State and the Union territory of Mahe this fiscal.

Addressing a news conference here on Monday, Income Tax Commissioner P. Devadasan and Additional Commissioner M.V. Rudran said that notices had already been issued to 10,243 out of the 23,437 identified ‘tax evaders.’ Notices would be served on the remaining persons in a few days. The list of tax evaders had been prepared based on input from multiple sources, they said.

Stating that the Income Tax Department would be taking stern action against defaulters, Mr. Devadasan said that only 1.7 per cent of the total population of 1.22 crore in Kozhikode, Kannur, Malappuram, Kasaragod, and Wayanad came under the tax net. This was below the national average of 2.9 per cent indicating that a large number of citizens were not paying tax.

Details collected

He said that the department had collected details of persons who had constructed houses and buildings exceeding 3,000 sq ft in the five districts since 2006. Notices had been sent to the owners. Majority of these buildings had been constructed using black money. However, a number of people had come forward to pay tax. Steps would be taken to initiate legal proceedings against those refusing to heed to the notices, Mr. Devadasan said.

He said defaulters also stashed away their unaccounted income in cooperative banks. The department had launched a drive to identify such persons. The cooperative banks in north Kerala had funds between Rs.35,000 crore and Rs.40,000 crore. The total amount in the cooperative sector in the State was more than Rs.1 lakh crore, Mr. Devadasan said.

Court order

The Supreme Court through a verdict had directed the cooperative banks to provide details of their depositors to the IT Department. Action would be taken if these banks were not willing to part with details.

Mr. Devadasan said that the income tax commissionerate carried out 43 raids (30 surveys and 13 searches) this year. The department had found out Rs.150 crore in the crackdown, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions