Income Tax Dept finds huge evasions by TN based business groups News Today
| Friday | 5th March, 2021
Chennai: The Income Tax department has conducted raids at various places in Madurai and Ramanathapuram and unearthed tax evasion to the tune of Rs 175 crore.
The sleuths seized cash of Rs 3 crore during the raids.
Searches and surveys were conducted in 18 premises mainly in Madurai and Ramanathapuram districts the Department said.
The action resulted in the finding of unaccounted cash of Rs 3 crore which was seized” officials said.
Income Tax department officials also carried out searches at around 25 premises belonging to a jewellery group across Tamilnadu including Chennai on Thursday in connection with suspected tax evasion.
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