Tax Evasion in Delhi - Inputs needed on Root Causes
We will then discuss Solutions separately and submit a whitepaper to the CM and his leadership team for actions.
Tax evasion Issues in Delhi - Key Issues
1. Rate of taxation is very high
2. Tax officials ask for bribe to help evade taxes
3. Most of the stores ask for cash payments
4. Many of the retail shops in Delhi do not issue an invoice to the customer
5. Doctors & lawyers do not issue receipts for their consultation & other services
6. Actual value of property is not disclosed during transactions
7. Properties are undervalued to save on stamp duty
8. Real estate & Jewelry business are sectors where biggest tax evasions happens
9. There is no helpline to register complaint against those who don’t issue the bill
10. Property prices and other related information aren’t available on Government websites
11. The products are under-valued while importing to evade taxes
12. Collected service taxes are not deposited with the Government
13. The practice of getting duplicate bill books printed is rampant among businessmen more