‘95% of registered realty firms have no PAN’

‘95% of registered realty firms have no PAN’

In an analysis of the data of the RoCs in 12 States, the CAG also noted that there were several companies that the tax net had failed to capture and that the department had no mechanism to ensure that all the registered companies had PAN or that they filed their income tax returns (ITR) regularly. "RoCs did not have information about PAN in respect of 51,670 (95%) of a total of 54,578 companies for which data was made available to audit", the report said.

Read more at 
The Hindu

Timeline

.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........
.......... .......... .......... .......... ..........
  • .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... ..........

In-depth coverage

Read more top Business stories on Crisp