Bengaluru. The Income Tax Department of Karnataka has exposed a very unique and vicious method of tax evasion and stamp duty avoidance. This shocking revelation has surprised not only the departmental officials but also the general public.
Unique method of tax evasion
During the investigation, officials came to know how miscreants were taking advantage of loopholes in government rules and laws and causing massive revenue loss. After this revelation, the department is now deeply investigating this entire syndicate and other suspicious people involved in it.
Further action by authorities
The Income Tax Department and the Stamp and Registration Department are trying to find out the total amount of revenue that has been stolen so far by using such illegal methods. Officials believe that there are likely to be many more big revelations in this case.
