Hi All,
Recently Income Tax department caught one person on the realestate plots bussiness.
He is not a known person at all. recetlty he suddenly became rich by realestate bussiness. He does not have any money in his accounts, I do not think he has gone for registration of the plots and mostly he does the bussiness by either non-judicial agreement or white paper agreement with the buyers/sellers.
My question is that What kind of Minimal Information is sufficient for the IT dept to intitiate the IT ride?
Can any indian do that?
Why should IT dept belive the informer?
