"Investigations, which began in September-October and are still continuing, revealed that many housing societies did not file income tax returns nor deducted TDS on payments made to developers," income tax spokesman Lokesha said.

Search and seizure operations also found the societies making huge cash payments to realty firms without proper receipts.

"We are verifying the huge tax evasion by the cooperatives with our investigation wings and field officers of the department," Lokesha added.


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