BHUBANESWAR: The income tax (I-T) division has asked all tax collectors within the state to deposit their collections into the Centre's account on the earliest, or face prosecution or penalty. "It has come to our notice that the tax deducted from employees is being diverted. This is illegal," mentioned an officer of the dep..
I-T division assets mentioned the dep. had carried out surveys, particularly on steel firms, contractors and real property firms, and located proof of tax diversion.
"Not only are some collectors delaying the deposit of the tax deducted, they are not filing quarterly returns to avoid detection. The defaulters may get seven years of rigorous imprisonment," the officer added.
The division additionally mentioned 137 tax payers had deposited greater than Rs one crore in their accounts all over demonetisation, whilst 3,593 had deposited greater than Rs 20 lakh. "If these tax payers are pondering that the I-T division won't get to know about their movements, they are unsuitable, the officer added.
I-T division assets mentioned the dep. had carried out surveys, particularly on steel firms, contractors and real property firms, and located proof of tax diversion.
"Not only are some collectors delaying the deposit of the tax deducted, they are not filing quarterly returns to avoid detection. The defaulters may get seven years of rigorous imprisonment," the officer added.
The division additionally mentioned 137 tax payers had deposited greater than Rs one crore in their accounts all over demonetisation, whilst 3,593 had deposited greater than Rs 20 lakh. "If these tax payers are pondering that the I-T division won't get to know about their movements, they are unsuitable, the officer added.
I-T dept warns tax collectors against tax diversion
![I-T dept warns tax collectors against tax diversion]()
Reviewed by Kailash
on
March 10, 2018
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