27
Dec

North Sub-Registrar Office under I-T radar

Income Tax (I-T) violations through unreported property deals unearthed
Mysuru:  In a major crackdown, officials from the Intelligence and Criminal Investigation Directorate of the Income Tax (I-T) Department uncovered unreported taxable transactions worth nearly Rs. 4,500 crore during recent spot verifications at four Sub-Registrar Offices.
Among these were the Mysuru North Sub-Registrar Office, located in the Mini Vidhana Soudha in Nazarbad and offices in Bengaluru’s Banaswadi, K.R. Puram and Varthur.
The inspections revealed that the Sub-Registrar Offices had failed to provide crucial information regarding property registrations spanning the financial years 2021-22, 2022-23 and 2023-24.