Business Standard

Wednesday, December 25, 2024 | 01:53 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Banned shell firms come under tax scanner; CBDT asks MCA to give details

The tax department has ordered its nodal officers to file cases against shell firms at NCLTs before the end of this month

graph
Premium

graph

Veena Mani New Delhi
Apprehensive that shell companies that have been struck off or are in the process of being so might dodge taxes, the Central Board of Direct Taxes (CBDT) has asked the Ministry of Corporate Affairs (MCA) and registrar of companies (RoCs) to give details relating to them.

It also asked the MCA to keep the tax department posted before striking off any company because the firm could have tax dues.

The tax department said it must have details relating to these companies, including their tax liabilities, by May 31.

In a recent communication to the MCA, the CBDT stated that RoCs

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in