Home General Rs 50,000 Cash Prize for info on Tax Evaders

Rs 50,000 Cash Prize for info on Tax Evaders

The Telangana State Government has come up with a lucrative offer to nab the tax evaders in the state. State Minister for Commercial Taxes Talasani Srinivas Yadav has announced Rs 50, 000 cash prize for the people who inform about tax evaders.

Apart from the cash prize, 10 % percent of the unaccounted amount collected will be given to the informers. Additionally, the identity of the informers will be kept secret.

The Tax department has introduced toll free number 1800 4253787 for this purpose. The Minister added that tax monitoring cells would take necessary measures once they get information.

As per sources, the Telangana government, which enjoyed surplus Budget post bifurcation, has spent funds for unnecessary events and is now struggling with lack of funds.

To increase the revenue, Chief Minister K Chandrasekhara Rao is heard to have summoned Talasani and instructed him to nab the tax evaders. Hence the new schemes by Tax department.