Income Tax Raid: Physician surrenders Rs 60 lakh undisclosed cash

Advertisement

An official informed the State Times, "The OPD record was not properly maintained by the clinic and forged details regarding the number of patients examined by the doctors were reflected in the records submitted to the department which clearly established the case of concealing the source of income."

The preliminary scrutiny of the record revealed that the doctor suppressed the number of patients visiting his clinic for treatment to conceal the money. The concealed income was utilized in setting up of a hotel near Darhali Bridge, which was almost constructed.

Finding himself in the trouble, the doctor surrendered Rs 60 lakh as undisclosed income, reports Daily Excelsior.

A source informed Daily Excelsior, "Even after surrender of such huge money, detailed scrutiny of the impounded documents will be conducted by the Income Tax Department.

The source further informed that more such raids will be conducted in the coming days at various medical diagnostic centres in the area which did not disclose their source of income under the IT Act and are evading tax.

As the current financial year is coming to an end, therefore the Income Tax department had intensified the raids on the reports about tax evasion and failure in depositing advance tax required under the IT rules.