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Income Tax Department eyes at the realty agents and architects

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According to the sources available with www.propertykhazana.com, Income Tax department is on its gaze for debtor and is searching about the similar at different places comprising Maharashtra, Chennai and Kochi. Tax spy has been carried out vastly by the real estate brokers, land developers, architects, advertising agencies and so on. SSN Murthy, director general of investigations in Mumbai speaking with to the www.propertykhazana.com said that, “The hunt is still on and more information’s are expected,” but he starved of without giving any information regarding the hunt in these places. Murthy continued by saying that the hunt is a part of the regular job of the inquiry which goes towards the end of the fiscal year.
One of the senior officer of income tax told that the department carries out the search and arrest actions will be done only when there is a proof of secret papers or property’s which have not revealed in an normal course.
As per the sources available to www.propertykhazana.com, the investigation was performed as a part of the routine of the section, which was essential to do at the end in every fiscal year. As per to the sources, such investigations are performed only in glow of private details or property’s which have to be hidden in a normal course. Through such investigations process, Income Tax officers are allowed to investigate in the housing and in business locations of the individual, check his property’s as well as vehicles, bank lockers and if required the books of accounts, stock and valuables. IT department has achieved in revealing illegitimate income to Rs. 1,100 Crores in India and similarly, an investigation chase of realty broker in Mumbai revealed the amount of Rs. 125 Crores.
Source: NIMMA BENGALURU

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