Live
- ‘Get Set, Grow Summit 2024’ Focuses on Digital Detox for Families
- Stokes motivates his team to put in extra effort, says England pacer Potts
- From overcoming setbacks to leading India in U19 Women’s Asia Cup, Niki Prasad's amazing journey
- Driving Enterprise Security: Inside Venkata Reddy Thummala’s Leadership Journey
- Constitution debate: PM Modi hails 'Nari Shakti'; makes strong pitch for 'United Bharat’
- Abhijeet Bhardwaj: Revolutionizing Enterprise Analytics with Innovation and Expertise
- Bihar: Inquiry initiated against principal who went to buy veggies during school hours
- Press Sri Lankan Prez for release of Indian fishermen: TN Cong MP to EAM Jaishankar
- TN: DMK postpones executive meet due to heavy rains & Parliament session
- Porous silicon oxide electrodes can fix durability issues in batteries: Researchers
Tax evasion: I-T raids at more than 10 corporate companies in B’luru
27 Sept 2023 11:47 AM IST
IT officials conduct raids at 20 locations in Hyderabad
Highlights
The Income Tax (I-T) department on Wednesday initiated raids at more than ten corporate companies here for allegedly evading taxes and submitting wrong inputs.
Bengaluru: The Income Tax (I-T) department on Wednesday initiated raids at more than ten corporate companies here for allegedly evading taxes and submitting wrong inputs.
According to sources, simultaneous raids are being conducted in C.V. Raman Nagar, Bagmane Tech Park, Hulimavu, besides other locations.
Before conducting the raids, the officials learned that the said companies were adopting fraudulent ways to evade taxes.
They also came to know that the companies were maintaining two sets of documents to mislead the I-T department.
More details are yet to emerge regarding the raids.
An official statement is also awaited.
Next Story
ADVERTISEMENT
