IT DEPARTMENT CONDUCTS SURVEYS AT COACHING INSTITUTES AND PLACEMENT AGENCIES

In its ongoing drive against tax evasion, the Income Tax department conducted surveys at nine premises of different institutions engaged in imparting coaching for competitive examinations (coaching institutes), deployment of manpower in various institutions (placement agencies), air-services institutes and foreign-education placement agencies in Delhi and Mumbai on 9.8.2007.

Based on the evidence collected during these surveys and subsequent investigations, various concerns have already admitted tax evasion amounting to Rs.26.75 crore.

Further investigations in these cases are in progress and detection of more tax evasion is likely.