BANGALORE RAINS BRINGS WOES TO RESIDENTS OF LOW LYING AREAS AND ZONES BORDERING THE LAKES AND RAJA KALUVE

It is natural for the flood waters to flow through the low gradients and due to heavy downpour in the last few days, some of the lakes are overflowing and few drains, secondary drains and raja kaluve are flooding the low lying areas of the City.

Many areas surrounding Madivala lake have flooded and rain water entered the low lying apartment basements in few and sewage is flowing into Madivala lake unchecked.  

There are many apartments very close to Raja Kaluve and the Lake, discharging the domestic sewage and some colour dying industry in Tavarekere and surrounding areas are discharging highly pathogenic effluents and highly toxic smokes in the zone.  The underground water table has been contaminated in many areas and the noise and the air pollution near the Central Silk Board junction is just `UN UNSPEAKABLE`.

Byrasandra, Tavarekere and Madiwala were watershed zones, which had been converted into highly polluting and polluted zone by the construction activity.


Planning to buy a property or an apartment - examine the location - before jumping into the bandwagon, compelled by the marketing techniques of the builders.

DO NOT BUY 

1). IN THE LOW LYING AREAS,
2). CLOSE TO LAKES, RAJA KALUVE AND SECONDARY CANALS,
3). CLOSE THE HIGH WAYS,
4). CLOSE TO KALYANA MANTAPS AND INDUSTRIAL ZONE,
5). ILLEGAL PROPERTIES,
6). UNAUTHORISED CONSTRUCTIONS,
7). FROM ANTI NATIONAL AND CRIMINALS,
8). CLOSE TO HIGH TENSION LINES,
9). NARROW ROADS, (ROAD WIDTH MUST BE 30 FEET-MINIMUM)
10). ON THE PROMISE OF THE AGENT OR THE BUILDERS,
11). IF THE BUILDER/SELLER DOES NOT HAVE ALL THE APPROVALS,
12). IF THE BUILDER/SELLER DOES NOT HAVE CLEAR TITLES OR IF THERE ARE ANY LITIGATIONS OR ARREARS OF TAXES TO GOVERNMENT,
13).  FROM TAX EVADERS,
14). FROM PERSONS OF SUSPICIOUS BACKGROUND. 

ARREST WARRANTS FOR TAX DEFAULTERS - CBDT DIRECTIONS TO TAX RECOVERY OFFICERS

ARREST WARRANTS FOR WILFUL DEFAULTERS – INCOME TAX DEPARTMENT

The Income Tax department has asked its officers not to shy away from invoking the rare provisions of arrest, detention and auctioning of attached assets of the accused.

 Challenged by increasing cases of defaulters who smartly evade paying due taxes,

The Central Board of Direct Taxes, in a strategy paper for the current financial year, has directed the tax department to use this provision, used rarely till now, stated under Section 276C (2) of the Income Tax Act that stipulates action to ensure rigorous imprisonment for a period between three months and three years which may also carry a fine.

The I-T department has a designated official to execute these rare powers, called the Tax Recovery Officer (TRO) within its establishment.

"The machinery of the TRO should be strengthened by providing more infrastructure and manpower. The TROs should be further trained specifically for their work in order to increase their effectiveness. In respect of non-compliant defaulters, the provisions of arrest and detention as per the provisions of Rules 73 to 81 of Schedule II should be invoked by the TRO.

"Stringent action can be taken in suitable cases including use of the provision for prosecution under section 276C(2) of the Act," it said.

The strategy papers act as a guiding light for the taxman for the financial year, in this case 2016-17.

The directives have also asked the supervising authority of the TROs (Principal Commissioner of IT) to "monitor" their work "especially in the area of attachment and sale of property to ensure that the attached properties are sold within one year."

"The role of a TRO comes at the fag end in a tax evasion case when the demand raised by the department gets converted into wilful default. A TRO executes his power of arrest and detention when there is a chronic default. That is why we see these provisions have been rarely invoked in the past. But now, more action on this front will be undertaken as defaults are becoming a menace now," an IT official explained.

The instructions also make it clear to the TRO that in case of liquidation of assets there should be "prompt lodging of the claim" with the official liquidator and constant monitoring of the case in order to guard the interest of the revenue or the department.

It has also been directed, as per the strategy paper, that supervisory officers "may instruct" the TRO or the Assessing Officer of a case to monitor cases which are being heard in the Debt Recovery Tribunals (DRTs).

They (TRO) should, it said, consider lodging of claims of outstanding demand in such cases before the DRT.

"At any level of a default case, the department's interest of getting taxes is supreme and hence the TRO is being directed to pursue the cases upto the level of DRTs too.

Getting revenue and due taxes from an entity is the ultimate aim of the IT department. By using these new strategies, the department also ensures that a strong message goes to all such people that the taxman will not let it go easily," the official said.

INCOME TAX VIGILIANCE - REAL ESTATE SECTOR TAX EVADORS WILL BE IN THE TAX NET

WE HAVE REPORTED ABOUT THE DATA COLLECTION BY THE INCOME TAX DEPARTMENT OF ALL THE TRANSACTIONS IN REAL ESTATE AND THE DEPT HAD BEEN MONITORING THE ACTIVITIES CLOSELY AND NOW IS POUNCING UPON THE TAX EVADERS. 
THE DEPARTMENT IS TRYING TO CATCH THE BIG FISHES NOW, AND SOONER, MAJORITY OF THE TAX EVADERS WILL BE IN THE TAX NET.

IT IS STRONGLY ADVISED TO CONSULT A CHARTERED ACCOUNTANT REGARDING THE TAX IMPLICATION WITH RESPECT TO THE SALE AGREEMENT AND THE REGISTRATION OF ABSOLUTE SALE DEED.