NEW DELHI: Warning of tough action on companies indulging in tax evasion, Prime Minister Narendra Modi today said over 37,000 such shell firms have been already detected and registrations of more than 3 lakh others have been cancelled.
Modi said his Government is committed to taking even tougher action against those helping hide black money and he is not at all concerned about any political implications of strong moves.
Addressing chartered accountants on the foundation day of the ICAI (Institute of Chartered Accountants in India), Modi also said CAs should take a pledge to bring people in the tax bracket rather than boasting about the number of clients they have saved from paying taxes.
Modi said his Government along with Swachh Bharat Abhiyan (Clean India), is also cleaning India’s economy and it has taken tough stand against those who have looted the nation.
In a strong message to the CA community, he asked as to why action has only been taken against just 25 of them for irregularities, while more than 1,400 cases have been pending for many years. (AGENCIES)
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