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News INCOME TAX

  • May 29, 2019
  • Income Tax Dept trains officers to detect tax evasion in shell companies

    The Income Tax Department continues to focus and enhance the skills of Assessing Officers (AO) to detect black money laundered through shell companies.At the Direct Taxes Regional Training Institutes, AOs have been asked to look closely at books of accounts and income tax returns for current liabilities, loans and advances, which could be used for tax evasion.