Income tax department attacked black money, confessed to having black money of 3000 crores
Income tax department attacked black money, confessed to having black money of 3000 crores
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At present, income tax raids were conducted in more than 25 premises of a major real estate group centered in the National Capital Region. This company is also involved in the field of infrastructure to mining. After the raids, this company has accepted the matter of black money of Rs 3000 crore. Also promised to pay tax on this.

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According to the media report, the statement released on Monday, the Central Board of Direct Taxes (CBDT) has not revealed the name of this company. But official sources claim that this company is Oriental India Group. This 45 year old company has also built highways, flyovers, bridges and air fields etc. This company also interferes in mining, especially coal mining.

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The Income Tax Department had raided more than 25 campuses of this company group only last week. The receipts along with the unaccounted cash of Rs 250 crore have also been seized. The company has not paid taxes on the sale and purchase of many properties. During raids, property worth 3.75 crore has been seized. But this company has admitted to having undisclosed assets worth more than Rs 3000 crore. This is a big success for the Income Tax Department. According to the CBDT statement, the lockers of 32 banks have been seized after the raids.

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