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 Tax and transparencya

IT recovers documents of tax evasion
September, 16th 2009

Income Tax department today recovered documents of tax evasion worth crores of rupees during a survey at a software company in Sitapura industrial area here.

Teams of Mumbai, Kanpur and Pune directorate of IT department in coordination with the Jaipur office raided three places in Jaipur and conducted survey of three companies in Jaipur, Kota and Baran, IT sources said here.

"The proceedings went on the whole day in city offices of the companies," sources said.

However, they declined to give more details regarding recovery, saying the details were with respective directorates.

Sources said that the software company, based on the documents, dedicated Rs 5 crore as undeclared income for taxation.

 
 
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