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NGO president held for defrauding government of Rs 22 crores
The Central Crime Station (CCS), Detective Department, sleuths on Thursday arrested one person for cheating the government of crores of rupees through income tax exemptions and money laundering.
Hyderabad: The Central Crime Station (CCS), Detective Department, sleuths on Thursday arrested one person for cheating the government of crores of rupees through income tax exemptions and money laundering.
According to police, the accused, identified as Sanatana Ravi, had collected Rs 42 crore from the people in Mumbai, Gujarat and Kolkata in the name of a society.
Later they cheated the Income Tax department by claiming fraudulent exemptions under different sections to the tune of total tax less to the government for Rs 22.43 crore by the accused society.
According to CCS sleuths, they received a complaint from the Income Tax (Exemptions) department on May 15, against the Rural Development Society, for which the accused representing as its president, and running the office from Panjagutta.
The said society is claiming to be involved in carrying out the research activities in rural areas particularly in Nalgonda district and obtained Section 12(A) I-T Act registration which enable the society to claim under Section 80(G) I-T exemptions.
