9911796707
TMI BlogIncome Tax Department conducts surveys in BengaluruX X X X Extracts X X X X X X X X Extracts X X X X ..... Income Tax Department conducts surveys in Bengaluru X X X X Extracts X X X X X X X X Extracts X X X X ..... n Bengaluru on one of India's leading manpower services provider. The assessee has been claiming huge deduction u/s 80JJAA of Income-tax Act, 1961 which incentivises new employment generation, subject ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to fulfilment of certain conditions such as emoluments paid to the employee (which should be less than ₹ 25,000 per month) and number of days of employment etc. During the course of the survey ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... operation, evidences of tax evasion have been gathered regarding wrongful claims of deduction u/s 80JJAA of Income-tax Act, 1961. The investigations further revealed, that, even though the emoluments ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of new employees added were more than ₹ 25,000 per month, the assessee has been wrongfully claiming deduction u/s 80JJAA by excluding certain components of emoluments of such employees to fit i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nto the eligible emoluments limit of ₹ 25,000 per month. Further, it has been found that deduction u/s 80JJAA has been claimed in subsequent years, even though certain eligible employees were n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o longer on the payroll of the assessee. Overall, the survey has resulted in detection of concealment of income to the tune of ₹ 880 crore spread over various assessment years. Further investi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gations are in progress. X X X X Extracts X X X X X X X X Extracts X X X X
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