Income Tax Evasion: Inputs Sought
With this post we would like to seek your very specific inputs based on experiences and observations as to how income tax evasion is currently taking place by individuals and businesses in India and what should be done.
Once we have enough inputs, we will compile the same and escalate to CBDT for their action. We all know that if evaders are caught the tax increases and burden would be lower on the honest tax paying citizens of the nation.
We look forward to your inputs! more
On Fri, 05 Mar 2021 12:57:16 +0530 LocalCircles Manager wrote
I guess tax evasion and unaccounted cash dealings are still prevailing in our country. If not, film industry, real estate, jewellery, Government contracts, Sales tax, Giant corporates, etc might have vanished long time back.
Further news about IT raids generally flare up either close to an election time or for any protest against the Government. The other issue is most of the IT raids end abruptly. I request LC to take it up with IT department to publish a full list of status of IT raids conducted so far, the fate of those IT raids (including number of cases dropped midway (due to political pressure!!), cases still open, etc).
We have enough rules but who will implement them impartially. more