Banned shell firms come under tax scanner; CBDT asks govt to give details

The tax department has ordered its nodal officers to file cases against shell firms at NCLTs before the end of this month

Veena Mani  |  New Delhi 

Apprehensive that shell companies that have been struck off or are in the process of being so might dodge taxes, the Central Board of Direct Taxes (CBDT) has asked the Ministry of Corporate Affairs (MCA) and registrar of companies (RoCs) to give details relating to them. It also asked the MCA to keep the tax department posted before striking off any company because the firm could have tax dues.

The tax department said it must have details relating to these companies, including their tax liabilities, by May 31. In a recent communication to the MCA, the CBDT stated that RoCs ...

First Published: Mon, May 21 2018. 02:30 IST