(a) whether any nation-wide survey has been conducted during the recent time by taxmen
on art galleries and event management companies;
(b) if so, details of the findings; and
(c) the reaction of the Government thereto?
(a) whether any nation-wide survey has been conducted during the recent time by taxmen
on art galleries and event management companies;
(b) if so, details of the findings; and
(c) the reaction of the Government thereto?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)
(a) The Investigation Wing of the Income-tax Department carried out surveys under
section 133A of the Income-tax Act,1961 in December 2005 in respect of certain art galleries
and event management entities in various parts of the country.
(b) and (c) The surveys have led to impounding of incriminating documents, identification
of the purchasers/customers and detection of tax evasion running in crores of rupees.