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Rs 85 crore tax evasion by Delhi based realty broker

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With high rise and fall in realty there are more in realty arena – Tax evasion. As per the sources reported at www.propertykhazana.com on a recent reveal by a Delhi based realty firm it was found an evasion of Rs 85 crore in tax. Now the IT department is on full search operation for the matter in and around their premises for the surplus cash.
The alleged firm is owned by two brothers has influence on both infrastructure and other realty products since last four years. On a short note with www.propertykhazana.com, the higher official reveals that “the team has made an extensive search at their four locations and collected a sum of Rs 53 lakhs and search is still on for further clues of the case”. The company has made this evasion by false entry to their account books taking away the sum from the actual market value. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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