New Delhi, March 9 The Income Tax Department has detected under-reporting of sales worth Rs 408 crore after it conducted a nationwide survey of restaurants on charges of tax evasion, the CBDT said on Monday.After visiting the premises of restaurants on Sunday, the taxman is now sending emails...
artificial intelligence
audit
cbdt
central board of direct taxes
data analysis
financial transactions
food and beverage sector
income tax
india
restaurants
salesreporting
tax evasion
tax returns
New Delhi, March 9 The Income-Tax Department is conducting a multi-city verification exercise across various restaurants after its Hyderabad investigation wing recently found alleged under-reporting of sales by these outlets through manipulated billing software to evade tax, official sources...