Team Blitz India
NEW DELHI: The Income Tax department is said to have detected tax evasion of nearly Rs 10,000 crore over a three-year period by etailers selling goods via social media platforms such as Instagram and Facebook.
The IT department has sent intimation notices to 45 such pan-India brands with more to follow.“Apart from the large ecommerce companies, we are closely monitoring the shops on Instagram and Facebook and have detected evasion to the tune of about Rs 10,000 crore,” a senior official told ET.
The notices were sent between the last week of October and November 15 and are for assessment years from 2020 to 2022.
“We have sent intimation notices to about 45 such etailers and will send notices to more in the coming months,” the official said, adding that none of these are large ecommerce companies.
