 "shell firms, blackmoney, income tax, investigation, crackdown")
The taxman has turned the spotlight on individuals named in the Paradise Papers leak and reportedly asked about a dozen of them to appear before the Income Tax (I-T) office with their passports. Reportedly, the I-T department has issued a communique asking the concerned persons to disclose whether they have any assets and bank accounts overseas or if they are shareholders of overseas companies.
The tax sleuths appear to be on firmer ground while dealing with cases related to the Paradise Papers as compared to the Panama Papers Leak, the Economic Times reported on Monday. According to the
