9 lakh firms not filing tax returns being monitored, says revenue secretary
![Hasmukh Adhia said such companies are be used as a potential source of money laundering.(Representative image)](https://www.indoamerican-news.com/wp-content/uploads/2017/05/5ec5ee98-2ca8-11e7-bd89-19cc2c5d765e-300x169.jpg)
Hasmukh Adhia said such companies are be used as a potential source of money laundering.(Representative image)
About 900,000 registered companies do not file annual returns and are potential sources of money laundering, a top government official said on Saturday, as Finance Minister Arun Jaitley pitched for the country’s top anti-financial crime agency to be used “expeditiously” against tax cheats.
Revenue secretary Hasmukh Adhia said the Prime Minister’s Office had set up a task force to monitor these companies and “there is no reason for us to let such companies operate in India”.
Credit: hindustantimes.com