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IT conducts 4 more surveys

Excelsior Correspondent
JAMMU, Mar 1: Continuing with its post-demonetization drive, Income Tax Department today carried out four surveys in Udhampur district thereby sending a loud and clear message that whosoever has deposited huge cash in bank accounts during the period between November 9, 2016 and December 31, 2016 will not be spared.
Official sources told EXCELSIOR that Income Tax Department sleuths today conducted surveys in the premises of a Karyana dealer at Chenani, wholesale Karyana merchant, a jeweller and a chemist at Udhampur.
“The owners of these establishments had deposited huge cash in their respective bank accounts post demonetization announcement while as they were either paying no tax or very meager till date”, they said while disclosing that Income Tax Department laid hands on several incriminating documents during these surveys and the same will be put to detailed scrutiny in the coming days.
They further said, “huge cash deposited by these businessmen is clear indication that evasion of tax was going on even in the small areas like Chenani”, adding “as already decided by the Principal Commissioner of Income Tax J&K Circle, Sangeeta Gupta, such surveys will be carried out in other parts of the State in the coming days”.

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