May 3, 2012 7:57 PM

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I-T department detects over Rs 5800 crore hidden income in MSME

The Income Tax department has detected more than 5,800 crore rupees of concealed income in the low-profile micro, small and medium enterprises sector during the fiscal 2010-11. According to the latest data compiled by I-T department, the department detected this after it carried out over 3,900 raids.

The sector accounts for about 45 per cent of the manufacturing output of the country.

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