Income Tax Raids on Educational Institutions Income Tax IT Medical Engineering Institutions Private Professional Colleges Madras Medical Mission

Income Tax Raids on Educational Institutions

Income Tax Raids on Educational Institutions

Chennai: Officials of the Income Tax (IT) Department seized receipts showing the collection of capitation fee to the tune of Rs 15 crore from the medical and engineering institutions of three city-based educational groups, including the Madras Medical Mission.

According to highly-placed sources in the IT department, the raids were conducted simultaneously on medical and engineering institutions at Chennai, Puducherry and Karaikal.

The details about the raids would be made available on Tuesday since the operation would continue till midnight.

"We cracked down on these institutions as per the intelligence we had gathered. We have clear evidence of the high capitation fee collected by these institutions, which always went unaccounted. So we decided to crack the whip and raid them. We have been carrying out the raids since 9 am a senior IT official told Express.

The official said more skeletons were likely to tumble from the closets of these institutions.

"We expect to unearth financial irregularities worth crores of rupees from these institutions. These managements treat education as mere business and cheat both the students and the government' the official added.

He said that the officials of the IT Department had been gathering intelligence on the operations and financial dealings of all the private professional colleges,

"We will continue our action against the institutions if we have evidence to do so the official said.

The raids were conducted simultaneously on medical and engineering institutions at Chennai Puducherry and Karaikal

Income Tax Raids on Educational Institutions

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