State Taxes Department on Thursday raided more than twenty coaching centers and other business premises on complaints of tax evasion in cetral Kashmir’s Srinagar.
Credible sources disclosed KNS that on direction of Additional Commisioner, State Taxes Department J&K, more than twenty teams led by senior officers raided prominent coaching centre’s in Parraypora area of Srinagar district against the complaints of huge tax evasion from their owners.
Sources said several coaching institutes including KIE were raided by the teams. Besides there were several business premises who were raided at the occasion.
“During searches, the teams seized books of accounts and other electronic devices for ascertaining the facts”, sources said.
“There were complaints that owners of the said premises have illegally grabbed tax money after tempering their books of accounts”, the sources added.
Tax evasion is an illegal activity in which a person or entity deliberately avoids paying a true tax liability.