Financial Daily from THE HINDU group of publications
Friday, May 06, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Economic Offences


Move to nail tax evaders in AP

Our Bureau

Hyderabad , May 5

THE Income Tax Department has decided to move the Supreme Court over keeping tabs on the applicants for liquor licences in the State.

About 1.43 lakh applicants deposited a whopping sum of Rs 1,900 crore, part of the licence fee, along with the applications. The I-T Department had swung into action to pin down possible tax offenders. It found several discrepancies that reflected the mismatch of IT records of several applicants and their ability to pay a huge fee for licences.

Addressing a conference here on Thursday, Mr P.A. Chowdary, Chief Commissioner of IT - I (Hyderabad), said a proposal had been sent to the Union Finance Ministry in this regard.

Regarding the region's performance during 2004-05, he said the total collections were at Rs 4,790 crore against Rs 3,822 crore in the previous year, registering a growth of 25 per cent. The number of assesses in the State was at 18.65 lakh during 2004-05.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Hailstorm, rains hit mango crop in AP


`States must focus on renewable energy to tackle power crisis'
Port workers to boycott fugitive toxic ships
Five commodities drive exports 26 pc in April-February
ONGC reports 3 oil, gas finds on west coast, KG Basin
KPTCL's power pacts to be reassigned to DisComs
CPDCL(AP) plans to improve power supply network
Centre's nod for power projects worth Rs 1,350 cr in Kerala
Damodar Valley to relocate thermal plant
Delhi Govt `apathy' to trade fears over VAT decried
Mumbai bakers to go on indefinite strike against VAT
Mixed reactions to duty drawback rate announcement
US announces new H-1B norms
`Invisible' TV zones key to measure viewership patterns
Higher education due for a major overhaul: ICFAI
Gold may fall after rising
Kinfra bio-tech park
A space odyssey to help urban, rural planners
`No decision on sale of PSUs'
Insurance-backed healthcare for BPL population soon
AP Govt formulates Rs 6,000-cr rural water schemes
Health meet in Kottayam
SEZ Bill proposes extended I-T sops
Edible oil imports surge in April
Chilli exports rise on global demand
Eco-tourism project for Chadayamangalam
We will review transaction tax if it fails, says Chidambaram
Move to nail tax evaders in AP


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line