The Income Tax Department monitors the use of money in the country. Who earns how much, where is spent and all such information is kept by the Income Tax Department (IT raid). The Income Tax Department keeps an eye on illegal money circulation and does the raid accordingly. You must have seen how the Income Tax Department takes a photograph of bundles of notes.
When IMF does the raid, stir is created. In fact, the biggest premises are sealed when the Income Tax Department takes action. These actions of the Income Tax Department continue on a regular basis. The Income Tax Department remains active throughout the year.
Income Tax Department
The Income Tax Department has increased the country’s revenue by raiding the hide-outs of many rich and draining crores. These are the times when one keeps property with him; the Income Tax Department acts immediately with input. 3 dozen machines were ordered to count the notes
You must have seen that when the Income Tax empanel dig up money from walls, ceilings and ground. It is noted that the notes are found scattered all over, and in the middle officers count them all. It resembles a film’s scene but is real. Today, we will tell you the biggest income tax raid of this country. In this raid, three dozen note-counting machines had to be ordered.
These days, the Income Tax team has thrown the best party in town.
Actually, it was the country’s finance minister, Nirmala Sitaraman, who honored this team for conducting the raid. Imagine how much money would have been recovered in this biggest Income Tax raid in the country. In total, this team was honored by the Ministry on 21st.
Income Tax Department made the largest raid in this state
The largest raid carried out by the Income Tax Department was in Odisha last year. In this raid Rs 352 crore cash was seized. It was a raid on a distillery group. To count the money, three dozen machines had to be brought here.
Income Tax team did great work on the input part
This was a ceremony which was organized to celebrate the completion of 165 years of Income Tax in the country and during which Income Tax team was honored, supervised by Principal Director SK Jha of Income Tax Department in Bhubaneswar and Additional Director (IT department) Gurpreet Singh. Singh is an officer of IRS 2010 batch.
Last December, under his command, many places of a distillery group in Odisha were searched, based on input. And this has created the biggest Income Tax raid scenario till now.
This raid of the income tax department lasted for about 10 days.
A huge amount of money was recovered in this income tax department raid. For the first time, cash worth more than Rs. 350 crore was seized. This was not a raid for a day or two; it lasted for ten days. Counting notes in this ten-day raid required the calling of three dozen machines.
Assistance from banks was require to count the notes.
Just imagine, how much money could be counted to the extent that the department had to call banks for help. Not only the money counting machines had to be called from the banks, employees had to be called to count the notes as well. The income tax department, at that time, had to use the banking system, only for counting the notes.
Scanned land
The last raid organized by the income tax department raised suspicion that money was buried somewhere underground. For this, a land scanning wheel machine had to be called. Investigations were also performed with its help. Such machines can also detect gold, etc.
Watching 500 Cases by the Department
The Income Tax Department does not let out of its sight a single rupee pending tax. Currently, the I.T. department is keeping an eye on five thousand such cases to make this huge corpus of tax amounting to 4.3 lakh crores recoverable. The Income Tax Department is strict against the tax defaulters.
