XXXXXX (REAL ESTATE) RAIDED BY COMMERCIAL TAXES


IT HAS BEEN WIDELY REPORTED THAT THE COMMERCIAL TAXES DEPARTMENT HAS INITIATED PROCEEDINGS AGAINST THE REALTY MAJOR `xxxxx` AT BANGALORE FOR THE RECOVERY OF TAXES ON ITS PROJECTS ON DEVANAHALLY ROAD AND OTHER AREAS.

AS REPORTED EARLIER, NOTICES HAD BEEN ISSUED TO FEW REAL ESTATE COMPANIES IN BEGUR, BANNERGATTA ROAD AND THE DEPARTMENT IS INVESTIGATING INTO THE AFFAIRS OF THE OTHER DEVELOPERS, WHO HAD MANIPULATED THE ACCOUNTS TO EVADE VALUE ADDED TAXES.

ANOTHER MAJOR REAL ESTATE COMPANY WHICH HAD BEEN SLAPPED WITH A NOTICE OF ABOUT RS10 CRORES BY THE DEPARTMENT, MAY SEIZE/ATTACH THE BANK ACCOUNT SOON. 

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s