IT Dept unearths Rs 3200 Scam

New Delhi Mar 5: Another Major Scam has erupted after PNB scam has already shaken the nation.The income tax department has unearthed a Rs 3,200 crore scam where 447 companies deducted tax from its employees and has not deposited with the government and diverted to further their business interests.

The Income Tax Department has already initiated prosecution against these firms and in some cases, warrants have been issued. Officials said that "the offenses attract a minimum punishment of rigorous imprisonment of three months to a maximum of seven years with fine. prosecution is initiated under Section 276 B."

They added that "in the recent verification surveys carried out, it was detected that in about 447 cases, Rs 3,200 crore was deducted by the companies but not deposited into the government account.This is for the period April 2017 to March 2018.We also intend to arrest some of them."

However, some employees have questioned the Companies and demanded justice so that they are protected.