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Topic : Income tax and more
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Income-tax officials conduct half-a-dozen raids in past two days to meet revenue projections

Created by : Leena Khade, Banc Assurance, Deutsche Bank  | 07 23 2011 06:05:43 +0000
Keywords : it income tax income tax raids it dept income tax officials
Activity:  586 views;  last activity : 07 31 2011 17:13:09 +0000

The past two days have been busy for officials of the income-tax department. Seemingly spooked by the prospect of a slackening in revenue growth because of a slowing economy, tax officials have conducted half a dozen raids across the country in the past two days striking fear in the hearts of the wealthy.

Should these raids be more frequent ?

  
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I think these raids should keep on happening now and then. But I sometimes doubt that these IT officials too are corrupt. There are so many people sitting on the top but nothing happens to them. Few such raids happen and then thigns again become quite.
By Leena Khade, Banc Assurance, Deutsche Bank  07 23 2011 06:05:43 +0000
 
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It is not justt linked to revenue projections alone which is also required. Most raids in the news are on high profile targets. Smaller chaps like you/me get notices which maybe we promptly attend to and pay let us say the Rs. 350/- demand that was asked. The bigger fish ignore their Rs. 350 crore demand, necessiating the :raid". They are doing their job
By V. Srinivas, Freelancer, Information Technology  07 24 2011 03:33:18 +0000
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they do get a lot of money for raiding also since raid is conducted for making some others happy wat is the purpose of tax collection from public and giving tax exemption for Reliance Essar BCCI etc ....
By Vishnu P, Cust. Service Executive, State Bank Of Travancore  | 07 31 2011 17:13:08 +0000
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yes leena i fully aree and support your ideas on icreasing revenues of country by these it raids
By prakash kodnany, Head/VP/GM-Domestic/Offshore Debt, vivro capital advisors pvt ltd  | 07 27 2011 01:26:54 +0000
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the income tax raids are good for the country,but they are not raiding politicians,since they are the rich people than the businessmen.Because of the system in our country these politicians are escaping.so,for this incometax department should have an authority to raid on any one,but it shouldn't misuse by the officers
By siva sankar reddy, CA student, ICAI  | 07 26 2011 03:15:38 +0000
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I think these raids should be frequent but to actualy collect revenue and not to threaten the high profile to fill there own pocket
By syed md tarique wajih, Insurance Advisor, premsons motor udyog pvt ltd  | 07 25 2011 03:25:36 +0000
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Yes Leena ji I am agree with you.Now its like IT officials also became corrupt but the question is who is honest?It seems once the people get chance to explore they donot left behind to fill the belly.
By Anup sharma, Chief academic Advisor (Honorary), CBSELearning.com  | 07 24 2011 03:54:46 +0000
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yes Leena,they  also might have to achieve their quarterly targets..just like traffic police becomes active at the year end..
By Arun Singh, Astt.Manager,Business development,Abhijeet Projects Ltd  | 07 23 2011 07:33:12 +0000
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