News Karnataka
Monday, December 11 2023

IT raids on over 10 corporates in Bengaluru for tax evasion

Photo Credit : IANS

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.

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