Raid on DAINIK BHASKER by INCOME TAX department, Rs 700 Crore Tax Evasion was found
The Income tax department said, that in this operation the department had found violations of the rules prescribed by SEBI for making listed companies.
The IT raid was organised by department in the office of Dainik Bhaskar.
DAINIK BHASKER. INCOME TAX 700 CRORE VIOLATION
Department of Income Tax has declared on Saturday that during on raid at Dainik Bhaskar Group, office for disprove of Tax Evasion on income of Rs 700 Crore.This is the clear violation of Stock Market rules and regulations misappropriation of earning profits from the listed companies in stock market has been found. The figure of tax thieve on income may be raise, because the raid investigation is still going on the office of Dainik Bhaskar.
The IT department had few days before raided the office of Dainik Bhaskar Group, due to the reason, they criticism to against Government. The details was issued by the IT department, they said during the drill of raid it was seen that the Group was running many companies in the name of their employees . Which were being used for booking fake ( fraudable ) expenses and distribution of money from here to there.
Most of employees who were made shareholders and Directors, confessed during the Raid they had no knowledge about the companies being run in their names.
Most of them told, that they have given their Aadhar Card and digital signature to the Company in good faith. Some relatives were trace out, most of them to self agreed and knowing to signed the papers, but they have no knowledge or handle the entire business activities of the companies of which they were made the position of directors or Shareholders.
The IT department said that, all these companies in paper were used for to much purpose like to fake enteries in books of expenses, to secretly take money from the organization as a profit from the listed companies in SEBI( STOCK EXCHANGE MARKET ).
Here is a fect if you want to question or criticize the government than do one thing first to the GOVT Department. First to all Ask the officials of the Income Tax Department and the Extradition Directorate, which is known as ED . Suppose you write against Govt department to what extent then than Govt Agencies will be raided and if you don't write upto what extent then GOVT will not distrub you and will keep silent, it will not to be raided upon you and your companies.
Akhilesh Dwivedi