Modi fear..2225 tax chors prosecuted in just 8 months

New Delhi, Jan 12: The Income Tax Department has recorded a sharp increase in prosecutions of tax evaders following an intensified drive against black money, the government said on Friday.

During the first eight months of 2017-18 ending November, tax authorities filed prosecutions in 2,225 cases, as against the 784 cases in the corresponding period of the preceding fiscal, recording a rise of 184 per cent, a Finance Ministry release said here.

"Prosecutions have been initiated for various offences including wilful attempt to evade tax or payment of any tax; wilful failure in filing returns of income; false statement in verification and failure to deposit the tax deducted/collected at source or inordinate delay in doing so, among other defaults," the statement said. 

The number of complaints compounded by the Department during the current financial year (upto the end of November 2017) stands at 1,052 as against 575 in the corresponding period of the immediately preceding year, registering a rise of 83 per cent," it said. 

Compounding an offence occurs when the defaulter admits to the offence and pays the compounding fee as per stipulated conditions.

Providing a list of some notable convictions, the statement also said 48 offenders have been convicted during the current fiscal till Novemver, as compared to 13 convictions for the corresponding period last year, marking a sharp increase of 269 per cent.

While the MD of a Bengaluru firm has been sentenced to rigorous imprisonment of three months alongwith a fine for not depositing employees' tax deducted at source (TDS) of over Rs 60 lakh within the prescribed time, an individual in Ernakulam has received the same imprisonment for selling property to evade payment of taxes of about Rs 76 lakh, the statement added.


Related news

Don’t Miss

Baby Donald Trump is setting internet on fire..In PICS
Congress blows the bugle: Will go for coalition in 2019
HURRY: Now buy Samsung Galaxy S9, S9 Plus in just Rs 9900
Anti-Modi front..Raj Thackeray will tie up with Sharad Pawar?
Amit Shah defends Yogi despite Gorakhpur defeat
Corruption-hit Mauritius Prez resigns
Sad day..Kevin Pietersen says good bye to cricket
Delhi shamed..Senior citizen beaten to death in fight over water
Kangana does it again..don't miss
How Sindhu lost All England semis..The Inside Story
Congress vows to impose 5% cess on ultra rich if voted to power
Bypoll loss effect?Gorakhpur SSP,24 other top UP cops transferred
Shami fixed matches?BCCI anti-corruption staff meets pacer's wife
Mosquito bites bother Sonia at Plenary.. Covers herself with shawl,gets repellent gel
Rahul changes Twitter handle..From @OfficeofRG to @RahulGandhi
Before Emotional Hug.. Modi slogans are 'dramebaazi', says upbeat Sonia
To defeat Modi, Congress ready for 'Grand Alliance'
Jai Hind..Rajnath ready to enter Pakistan to protect Kashmir
Navratri 2018: First Day Mata Shailputri is worshipped
Bangladesh dressing room broken after Sri Lanka match
Sonia invokes Indira's Chikmagalur victory to inspire Congressmen
Country feeling tired under Modi, Congress will bring change: Rahul
This popular actress marries her Russian boyfriend
Did not get any call from Kapil to join new show, confirms Sunil Grover
Loveguru Karan Johar's SHOCKING prediction about Deepika, Ranveer
Desi Girl Priyanka visits this place after wrapping up Quantico
Congress Plenary Session: The warm hug says it all
Spy poisoning: Russia expels 23 British diplomats
24-hour power supply at 100 prominent temples during 'Navratri'
Congress ready to ally with 'all like-minded parties' to defeat BJP

Most Recent

Most Popular