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: articles on VAT and GST in India :: ACCOUNTING STANDARD :: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: cpt :: VAT RATES :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4%
General »
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector
 GST regime: Tax payers allowed to take option of third-party interfaces

SIT detects Rs 10,000-cr tax evasion in Haryana
January, 17th 2015

A special investigation team (SIT) formed by the Haryana Lokayukta has claimed to have detected revenue loss of more than Rs 10,000 crore, allegedly caused by builders and developers through tax evasion, officials said.

The estimated revenue loss is almost half of the state’s total plan outlay of Rs 20,252 crore for 2013-14.

Haryana Lokayukta justice Pritam Pal (retd) had formed the SIT in 2013 after a complaint filed by a Kaithal resident and the report was submitted to him on Thursday. The SIT is led by the Haryana inspector general of police Shrikant Jadhav.

Justice Pal, however, said he would comment on the report only after studying it.

The period when the alleged tax evasion took place extends from 2005 till mid-2013 when a Congress government led by Bhupinder Singh Hooda was in power.

The BJP, which came to power in 2013, had then accused the Hooda regime of giving undue benefits to businessman Robert Vadra, also the son-in-law Congress president Sonia Gandhi.

During the course of investigation, the SIT found that a large number of builders and developers in housing segment were not paying tax on the sale of flats in the state despite a Supreme Court ruling in this regard.

Moreover, they also allegedly indulged in filling “wrong” tax returns with the department, sources said.

SIT also discovered the involvement of a section of officials of the Haryana excise and taxation department, who allegedly helped the builders and developers to evade tax.

The probe team also found that though the department assessed several such cases of unregistered firms with tax liability running into crores, they did not pay any tax and instead moved the Punjab and Haryana high court on various grounds.

The SIT is said to have pointed out huge sales tax evasion in different trades, including real estate business, in different districts.

The SIT also found that some cigarette dealers in Faridabad were allegedly claimed bogus tax refund while a few rice sellers and exporters in Karnal and Sonepat allegedly got tax relief under the garb of consignment sales.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

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