Over 35,000 Gurugram Property Deals Worth ₹55,000 Crore Under Income Tax Scrutiny
An Income Tax Department survey in Badshahpur, Gurugram, identified reporting gaps in over 35,000 property transactions, raising concerns about missing details, incorrect PANs and delayed compliance.
- More than 35,000 property transactions worth over ₹55,000 crore were flagged for reporting deficiencies.
- The discrepancies include unreported deals and incorrect Permanent Account Numbers (PANs).
- Haryana faces scrutiny over delays in filing mandatory Statements of Financial Transactions (SFTs).
The Income Tax Department has identified significant reporting deficiencies in more than 35,000 property transactions valued at over ₹55,000 crore at Badshahpur tehsil in Gurugram, Haryana. The findings emerged from a survey conducted by the Directorate of Intelligence and Criminal Investigation (I&CI) at state land revenue offices as part of an ongoing exercise to check compliance in reporting high-value property transactions.
The discrepancies include transactions that were not reported to the department and cases in which incorrect Permanent Account Numbers (PANs) were submitted. Officials compared property registration records maintained by Haryana’s revenue authorities with Statements of Financial Transactions (SFTs) filed with the Income Tax Department. The exercise revealed substantial gaps between the two sets of records, raising questions about the accuracy and completeness of transaction reporting.
The Income Tax Department has clarified that the ₹55,000 crore figure represents the combined value of property transactions affected by reporting deficiencies. It does not, by itself, indicate suspected or established tax evasion.
The department will need to verify the individual transactions to determine their tax implications. Authorities will also examine whether incorrect PAN details resulted from reporting errors or were deliberately provided to conceal the identities of buyers or sellers.
Accurate reporting of property transactions is important because it allows tax officials to match property purchases and sales with the financial and income-tax records of the individuals and entities involved.
The Badshahpur findings form part of a wider Income Tax Department exercise examining property transaction reporting across Haryana. The I&CI directorate has conducted similar surveys over the past year and communicated concerns about compliance to senior state revenue officials.
According to the information cited in reports on the exercise, the Principal Director General of Income Tax (I&CI), New Delhi, had written to the Haryana chief secretary, highlighting deficiencies and the need for corrective action.
The state had previously indicated that a centralised mechanism for filing SFTs across Haryana would be implemented for the 2025–26 financial year. The filings were expected to be completed by May 31, 2026, while the Inspector General, Revenue, had also assured the department of improvements in compliance.
However, the latest review indicated that only around 45 of Haryana’s approximately 140 Tehsildars had filed their SFTs by the time of that review. This was a decline from the previous year, when more than 120 Tehsildars reportedly submitted their statements within the prescribed period. The figures suggest that a substantial number of revenue officials had yet to complete the required filings.
The scrutiny highlights the importance of accurate documentation and financial reporting in Gurugram’s property market, where high-value residential, commercial and land transactions form a significant part of real estate activity.
For buyers and sellers, the findings do not mean that property registrations identified in the survey are automatically invalid or that the parties involved have committed tax violations. However, incomplete transaction records or incorrect PAN details can complicate verification and may lead to further inquiries where discrepancies remain unresolved.
For the authorities, reliable reporting can improve the monitoring of high-value transactions and help identify potential mismatches between declared property dealings and tax records. The exercise also puts the spotlight on coordination between the Income Tax Department and Haryana’s land revenue administration.
The Income Tax Department is expected to continue examining the transactions flagged in Badshahpur and seek corrections to incomplete or inaccurate records. Authorities will also need to address outstanding SFT filings and improve the reporting process across Haryana’s tehsils.
The proposed centralised filing mechanism and tighter compliance monitoring could help reduce discrepancies if implemented effectively. Further verification will determine the nature of the reporting failures and whether any individual transactions require additional tax scrutiny.
The Badshahpur survey is therefore part of a broader effort to strengthen transparency in property registrations and financial reporting. The final implications for the transactions involved will depend on the findings of subsequent verification rather than the aggregate transaction value alone.
Also Read: UP Government Panel Begins Probe Into Jaypee Wish Town Construction Delays
Also Read: Noida Farmers Protest Outside Authority Office Over Pending 10% Developed Plot Allotment
