Rs One lakh crore tax evasion detected by revenue authorities in last 18 months

Finance Minister Pranab Mukherjee today said revenue authorities have detected tax evasion of about Rs 1 lakh crore during the past 18 months as a result of international cooperation as well as domestic surveillance. “Almost one lakh crore of rupees, may be a little less than that, we have been able to bring under the tax net in last 18 months,” Mukherjee said while replying to the general discussion on Budget in Rajya Sabha.

Mis-pricing in international transactions to the extent of Rs 33,784 crore has been detected and brought under taxation, he said, adding another Rs 25,000 crore has been found during search and seizure operations in the past year- and-a-half.

Besides, he said, during assessment the Directorate of Foreign Taxation detected tax evasion of Rs 34,601 crore.

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