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The report also punctuated the problem with housing for Economically Weaker Sections.
The defaulter had violated the provisions of the section by transferring immovable properties after the date of service of notice of demand.
According to a report, the I-T Department is not utilising other third-party data or surveys to widen its tax base in the real estate sector.
There cannot be a correlation between EPF enrolment and job creation 'since it has so many moving parts and variables, so one could interpret it differently', experts said.
The raids also revealed that money was being paid in aggregation of land parcels through the real estate firms.
According to CBDT chairman Sushil Chandra, the Income Tax department has issued 42 crore permanent account numbers.
The IT department on Wednesday submitted a letter seeking permission of the special CBI court, which is conducting the murder trial, for recording Mukerjea's statement under section 131 of the IT Act.
The court's direction came on an appeal filed by the Centre against a HC order allowing two persons, Shreya Sen and Jayshree Satpute, to file I-T returns without linking their Aadhaar and PAN numbers.
The government has already sanctioned Rs 4,200 crore last month for an upgradation of information technology infrastructure of Central Board of Direct Taxes.
As part of the government's simplification procedures, in two years the taxpayer doesn't need to face the taxman with assessees will be provided pre-filled return forms.
Apart from that, many migrate to different places for jobs, and have to incur basic expenses like rent, food, among others.
Goyal's move was criticised by the Opposition saying with general election months away, PM Modi-led govt had a mandate only to present a vote on account and a Budget containing direct tax proposal.
Experts have opined that the budget announcement must be taken with a 'teaspoon of salt' as it has no benefit to those earning above that.
Additionally, those who are earning gross income of Rs 6.5 lakh per year and have made investments in savings instruments, will be exempt from paying income tax.
The hike in the income tax limit will hand a direct benefit of Rs 12500. But there were other benefits too, including a raise in standard deduction.