Income tax sends notice to Mukesh Ambani's family members under 'Black Money Act'

Sep 14 2019 04:51 PM
Income tax sends notice to Mukesh Ambani's family members under 'Black Money Act'

Mumbai: The Income Tax Department has issued a notice to the family member of Reliance Company Chairman Mukesh Ambani under the Black Money Act. The Income Tax Department's Mumbai unit was reported to have black money in several countries, following which the Income Tax Department has issued a notice to Mukesh Ambani's family members. However, any such notice has been denied by Reliance.

According to media reports, this notice has been issued in the name of Mukesh Ambani's wife Nita Ambani and their three children. It is alleged that these people have an undisclosed income abroad. In fact, the Central Government had received the names of 700 Indians, who had accounts in Geneva-based HSBC Bank, after which the Income Tax Department started an investigation against these people. HSBC has 14 bank accounts with deposits of $ 601 million belonging to the offshore holdings of Reliance Group.

According to the information, this notice has been sent by the Additional Commissioner of Income Tax Department, Mumbai. The income tax notice alleges that Ambani's family did not give correct information about his income. There are many companies whose address is in Mumbai, but this information has not been given to the Income Tax Department. This notice is based solely on the investigation of income tax.

This is how Tanishq extracts 2.5kg of Gold from 80Kg of dust

SBI opens new branch in Ladakh at an altitude of 10 thousand feet

Finance Minister to make Big announcement today regarding the Economy

© 2019 News Track Live - ALL RIGHTS RESERVED