[Resolved]  Slv Developers — Not showing full sale amount to incometax department

Address: Rangareddy, Andhra Pradesh

Dear Sir/Madam,

One of the real estate builder in Hyderabad, Manikonda area are sold the flats and taken the cash and not shown that amount to income tax department. and when some one ask about that he told he had lots of political back ground so no one can touch him :(

very recently he sold 20flats at ~30Laks per flat and collected 3 to 4 crores money as black money which is not shown to income tax department, and he has lockers in national banks and keeping his black money there, I came to know AXIS bank shaikpet branch have one locker and had black money in that.

like that he had 3 to 4 ventures and he had lots of black money.

here is the details of the builder:
Name: D.Venkateswara Rao
PAN# AEDPV7331L

so, as a responsible citizen, I am requesting you to take appropriate action on him