About 900,000 registered companies do not file annual returns and are potential sources of money laundering, a top government official said on Saturday, as Finance Minister Arun Jaitley pitched for the country’s top anti-financial crime agency to be used “expeditiously” against tax cheats.
Revenue secretary Hasmukh Adhia said the Prime Minister’s Office had set up a task force to monitor these companies and “there is no reason for us to let such companies operate in India”.
Credit: hindustantimes.com
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