TaxTMI 
TaxTMI 
Income Tax Department conducts surveys in Bengaluru
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....ncome Tax Department conducts surveys in Bengaluru <br>News and Press Release<br>Dated:- 14-7-2021<br><BR>Income Tax Department carried out a survey operation on 08.07.2021 on two business premises in....
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.... Bengaluru on one of India's leading manpower services provider. The assessee has been claiming huge deduction u/s 80JJAA of Income-tax Act, 1961 which incentivises new employment generation, subject ....
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....to fulfilment of certain conditions such as emoluments paid to the employee (which should be less than ₹ 25,000 per month) and number of days of employment etc. During the course of the survey ....
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....operation, evidences of tax evasion have been gathered regarding wrongful claims of deduction u/s 80JJAA of Income-tax Act, 1961. The investigations further revealed, that, even though the emoluments ....
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....of new employees added were more than ₹ 25,000 per month, the assessee has been wrongfully claiming deduction u/s 80JJAA by excluding certain components of emoluments of such employees to fit in....
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....to the eligible emoluments limit of ₹ 25,000 per month. Further, it has been found that deduction u/s 80JJAA has been claimed in subsequent years, even though certain eligible employees were no....
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.... longer on the payroll of the assessee. Overall, the survey has resulted in detection of concealment of income to the tune of ₹ 880 crore spread over various assessment years. Further investig....
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....ations are in progress.<BR> News - Press release - PIB....