Live
- Bihar minister Renu Devi observes Chhath festival in Bettiah
- TN: Leopard kills dog at home stay in Valparai, locals demand immediate capture
- Japan, South Korea, US condemn North Korea's latest missile launches amid rising tensions
- Waqf Bill: Oppn MPs meet LS Speaker, lodge protest against JPC chairman Jagdambika Pal
- Ashok Kumar Garg takes charge as Gurugram MCG commissioner
- Posters, banners festoon Hyderabad to welcome Rahul Gandhi
- Unable to stand 'injustice', govt staffer commits suicide in K'taka
- Sensex gains 694 points ahead of closely-fought US election
- Attending Lokayukta a ‘drama’ by Siddaramaiah to escape CBI probe: Pralhad Joshi
- Ola Electric’s share hits all-time low of Rs 74 ahead of Q2 results
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
