The cash-strapped agency, Mumbai Metropolitan Region Development Authority (MMRDA), has come under the scanner of the income tax (I-T) department over acquisition of government land and subsequent rehabilitation of the project-affected persons (PAPs). The I-T department has deemed these two activities as taxable and slapped a Rs55 crore notice on the planning agency. The agency had acquired the said land and built houses on it, which it later gave to those people who were displaced because of its ongoing infrastructure projects in the city. "We have received a tax notice from the I-T department which wants us to pay the tax deducted at source (TDS) for the government land that we had acquired and also for the houses, which we had constructed and later gave to the project-affected people," metropolitan commissioner Rahul Asthana said on Tuesday.
Source : Hindustan Times
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