In terms of collection and exchange of information, Directorate-General of Income Tax (Intelligence & Criminal Investigation) is the largest organization across the globe, said Krishna Mohan Prasad Director General of Income Tax (Intelligence & Criminal Investigation) DGIT (I & CI).
While speaking with the media persons at Income Tax Department in the state capital on Monday, he said that the assessing officers are informed after any irregularity is found and the officer would check the authenticity of the transaction and in case if the party is found to be cooking the books further enquiry according to the law is done.
Under the concept of ‘Clean Money’ propagated by Prime Minister Narendra Modi, around 700 cases have been reported.
The unwillingness to pay tax and find ways to evade tax by tax liable citizens is the major issue which has to be addressed but the sense to help the county by paying tax should come from inside.
In Madhya Pradesh and Chhattisgarh, 316 cases of unaccounted money and deposits exceeding limits set under the new rule made after demonetization was reported.
In Benami Transactions (Prohibition) Amended Act, 2016 more than 3000 cases have been found. In the state two cases have been found. Officials from Bhopal shied from providing details of the two cases but gave hint that the transactions were worth around Rs 500 crore.
Officials confirmed that details of cash transactions over Rs 2 lakh at Bansal hospital in the state capital are under scrutiny. Providing detail of the cases Prasad said that Gokul Das hospital in Indore was found to be accepting cash payment over Rs 2 lakh as treatment bill and around 40 transactions were found.
The department has 19 directors across the country who works to check tax invasion.