Tax officials continue raids for second day

Income tax department officials continued their raids on business premises for the second day on Friday in Jammu and Kashmir.

A top income tax department official said more than 150 sleuths of the department, equipped with modern gadgetry and sniffer dogs, are carrying out raids and about 30 business premises are being probed for tax evasion.

He said habitual evaders detected by the IT department during surveys are being targeted in these raids, including in J&K.

“There have been some leads about tax evasion related cases but it would be premature to disclose anything at this stage,” the official said and added that the raids would continue as IT department’s internal reports also have detected tax evasion cases.

“Most of the raids are going on in Jammu region, while in Kashmir a hotelier and a cross-LoC trader are being probed,” he added.

Central paramilitary forces have been providing security cover to the IT officials during raids.

Interestingly, the IT department has recorded an increase of 95 per cent in tax collection in Jammu and Kashmir in the past eight years.

According to Central Board of Direct Taxes (CBDT) data, Rs 1,302 crore has been recovered by the department during the financial year 2017-18.

The direct taxes collection has increased from Rs 711 crore in 2010-11 to last year’s Rs 1,302, implying an increase of 95 per cent, the data reveals. During 2016-2017, Rs 1091 crore tax was recovered in the state.

Direct taxes constitute income taxes, corporate taxes and other taxes collected by the CBDT across the country.

At the same time, the income tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18, the CBDT data says.