Monday, 19 May 2025 »  Login
in
»
I am at

Probe Into Jagan's Assets Still On: IT Dept.

The scrutiny of the 12-13 files pertaining to Jaganmohan Reddy's assets is currently in different stages, says the IT commissioner.
Hyderabad | 27th July 2012
Chief commissioner of the Income Tax Department J K Hota revealed that the scrutiny of the 12-13 files pertaining to YSR Congress president Y S Jaganmohan Reddy's assets is currently in different stages, and that the director general of Investigation has been entrusted the responsibility for it.

Refusing to disclose further details about the ongoing investigations into Jagan's assets, the chief commissioner also refrained from speaking about mining baron Gali Janardhan Reddy's investigation, describing it as a confidential matter.

Addressing a press conference today, Hota said that the department received Rs. 44.39 crore of income tax returns in the first quarter of the year 2012.

He said that NMDC was the biggest remitter in the corporate sector, with Rs. 650 crore of income tax.

He added that the IT department received 2,79,669 complaints last year, in which more than 2,38,720 cases were solved, while the remaining 40,000 cases are pending with the department.

He also said that nearly Rs. 10,000 crore of income tax arrears of last year are yet to be recovered from customers across the state.

He said that this year, the department expects about 1,40,000 income tax returns from customers, while 35,000 tax-payers have already submitted their returns.

Stating that the last date to file the returns is 31 July, the chief commissioner said that the department has established counters to facilitate remitters - 12 in the Income Tax Tower (AC Guards), and 12 more in Aayakar Bhavan, Basheerbagh. He said that officials concerned would guide remitters in filing their returns.

He said that the department has been providing special facilities to senior citizens, women and the disabled.

The chief commissioner appealed to remitters to make sure that their respective PAN numbers and bank account MICR codes are mentioned correctly in the form in order to avoid inconveniences.

Hota said that e-filing was mandatory for customers who pay more than Rs. 10,00,000 of income tax per annum, while others can file their returns through the regular process.

Making it clear that the state government was not a tax defaulter, he said that some departments, including the HMDA, APSIDC, APSFC and Housing Board, have approached the IT Tribunal and the High Court against the notices served to them by the Income Tax department. (INN)
filed in:  Y S Jagan Mohan Reddy, J K Hota
COMMENTS
Be the first to comment on Probe Into Jagan's Assets Still On: IT Dept.! Just use the simple form below.
LEAVE A COMMENT
fullhyd.com has 700,000+ monthly visits. Tell Hyderabad what you feel about Probe Into Jagan's Assets Still On: IT Dept.!
[no link to your name will appear, overriding global settings]
To preserve integrity, fullhyd.com allows ratings/comments only with a valid email. Your comments will be accepted once you give your email, and will be deleted if the email is not authenticated within 24 hours.
My name:

Dissatisfied with the results? Report a problem or error, or add a listing.
ADVERTISEMENT
SHOUTBOX!
{{todo.name}}
{{todo.date}}
[
]
{{ todo.summary }}... expand »
{{ todo.text }} « collapse
First  |  Prev  |   1   2  3  {{current_page-1}}  {{current_page}}  {{current_page+1}}  {{last_page-2}}  {{last_page-1}}  {{last_page}}   |  Next  |  Last
{{todos[0].name}}

{{todos[0].text}}

ADVERTISEMENT
This page was tagged for
ys jagan annual income
jagan income tax returns from 2000
ys jagan monthly income
ys jagan income tax r
jagan assets inome tax retirn
Follow fullhyd.com on
Copyright © 2023 LRR Technologies (Hyderabad) Pvt Ltd. All rights reserved. fullhyd and fullhyderabad are registered trademarks of LRR Technologies (Hyderabad) Pvt Ltd. The textual, graphic, audio and audiovisual material in this site is protected by copyright law. You may not copy, distribute or use this material except as necessary for your personal, non-commercial use. Any trademarks are the properties of their respective owners.