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 150sleuths of the department, equipped with modern gadgetry and sniffer dogs, arecarrying out raids and about 30 business premises are being probed for taxevasion.
He said habitual evaders detected by the IT departmentduring surveys are being targeted in these raids, including in J&K.
“There have been some leads about tax evasion related casesbut it would be premature to disclose anything at this stage,” the officialsaid and added that the raids would continue as IT department’s internalreports also have detected tax evasion cases.
“Most of the raids are going on in Jammu region, while inKashmir a hotelier and a cross-LoC trader are being probed,” he added.
Central paramilitary forces have been providing securitycover to the IT officials during raids.
Interestingly, the IT department has recorded an increase of95 per cent in tax collection in Jammu and Kashmir in the past eight years.
According to Central Board of Direct Taxes (CBDT) data, Rs1,302 crore has been recovered by the department during the financial year2017-18.
The direct taxes collection has increased from Rs 711 crorein 2010-11 to last year’s Rs 1,302, implying an increase of 95 per cent, thedata reveals. During 2016-2017, Rs 1091 crore tax was recovered in the state.
Direct taxes constitute income taxes, corporate taxes andother taxes collected by the CBDT across the country.
At the same time, the income tax collection in the countrystood at a record Rs 10.03 lakh crore during 2017-18, the CBDT data says.