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The role of Enforcement Directorate in control of negative growth of Indian real estate

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Source reporting at the www.propertykhazana.com says that the Enforcement Directorate played a role of imposing huge amount of penalties to the persons who were engaged in the real estate business illegally .This department worked in connection with the Income Tax Department by suspecting the persons who took a bribe for the settlement of the cases, as this department had got the authority to check the persons who were earning illegal income by hiding the income and escaping from paying taxes, were not willing to furnish information as they earned the money illegally like politicians as well as other persons.
According to the sections of 271(1) C of the IT act described that the department had the powers to punish those persons by levying them100-300% on those amounts which were not properly given account to the Income Tax Departments well as the government.
Source: NIMMA BENGALURU

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