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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
General »
 Where to invest money for the short term
 Statistics ministry seeks GST data to improve national accounts
 Country of residence may tax you on global income
 Country of residence may tax you on global income
 SC denies income tax exemption to local authority
 Composition Dealers need not furnish data in serial number 4A of Table 4 of FORM GSTR-4
 I-T Dept may probe tax evasion through F&O trades
 IL&FS crisis: ICAI seeks explanation from audit firms
 Arun Jaitley pushes for more tax filing in FY19
 Are you filing Income Tax Return (ITR)? This is where you are trapped! Know what is Form 16 , Form 16A, Form 26AS, TDS statement
 Officials handling GST can assess all No centre-state wall

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 2018 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