Task force set up to check tax evasion by deviant shell firms

In the latest move to curb tax evasion, the government has set up a task force to monitor actions of deviant shell companies.

The setting up of the task force, under the co-chairmanship of revenue secretary Hasmukh Adhia and corporate affairs secretary Tapan Ray, followed a meeting held in Prime Minister’s Office to review the functioning of shell companies to prevent their misuse for money laundering and tax-evasion, especially post-demonetization.
Source- The Indian Express

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