Seattle Indian Community - SeattleIndian.com
| | | | | | | | | | |
 


 

Raids on businessmen in Karnataka for tax evasion


Karnataka,Business/Economy,Crime/Disaster/Accident


Author : Indo Asian News Service

Business/Economy, Crime/Disaster/Accident, India, Karnataka Read Latest News and Articles

Share With Your Friends

Add To My Favorite     Add A Picture

Add an Article

View All Contributions

Bengaluru, April 16 (IANS) Teams of Income-Tax (I-T) sleuths raided certain businessmen in Bengaluru, Hassan and Mandya in poll-bound Karnataka on credible information of tax evasion on undisclosed income and assets, an official said on Tuesday.

"The searches being conducted on Tuesday are based on credible intelligence that certain businessmen have earned income not disclosed for tax and are in possession of undisclosed assets," the tax official said in a statement here.

The raids are underway in 5 residences at Hassan and one residence each at Mandya and Bengaluru.

Hassan is 180 km northwest of Bengaluru, while Mandya is 100 km southwest of the state capital.

The raids coincide with the last day of campaigning for the first phase of the Lok Sabha elections in 14 constituencies in the state's central and southern regions on April 18.

"The non-taxpayers under our search operations are engaged in the business of real estate, quarrying and stone crushing, executing government contracts, running petrol bunks and saw mills and managing cooperative banks.

"These are the sectors which are prone to generation of black money," the statement said.

--IANS

fb/bc

Premium Advertiser
Dentist - Highland Dental Center, Dr Princy S. Rekhi DDS/Tisha C Rekhi DDS



This is an advertisement

   Groupon Deals 
 More...
2.00 CTTW Emerald Oval Cut Studs in Sterling Silver by Valencia Gems
2.00 CTTW Emerald Oval Cut Studs in Sterling Silver by Valencia Gems - ,
Personalized Braided Bracelet from MonogramHub (Up to 90% Off)
Personalized Braided Bracelet from MonogramHub (Up to 90% Off) - ,
Hairstyling Packages from Linsay at Salon at Liberty Corner (Up to 48% Off). Four Options Available.
Hairstyling Packages from Linsay at Salon at Liberty Corner (Up to 48% Off). Four Options Available. - ,
Pizza, pasta, wings and more for Two or Four at Albie's Pizza & Bar (Up to 40% Off)
Pizza, pasta, wings and more for Two or Four at Albie's Pizza & Bar (Up to 40% Off) - ,
White Inside Out Hoops with Free 2.00 CT Studs made with Swarovski Elements by Mina Bloom
White Inside Out Hoops with Free 2.00 CT Studs made with Swarovski Elements by Mina Bloom - ,


Latest Showbiz News

View More News


More News Articles

Singing for family best moment of life, says Adnan

Having a blast with Inaaya, films can wait: Soha

No team favourite to win the World Cup: Shoaib Malik

I love to do all kinds of films: Darshan Kumaar

Big B cracks husband-wife jokes on social media