Income Tax Raid: From Delhi to Uttar Pradesh and West Bengal, the Income Tax Department has conducted extensive raids. These raids are being conducted on the jewelers and their places engaged in the business of gold. The IT department says that these bullion traders illegally deposited money and used it in real estate. During the raid, all the transactions and other documents were sought from the gold traders, as well as complete information about income tax was also taken.
Raids in many states of the country
The officials of the Income Tax Department have taken this action against the bullion traders involved in the purchase and sale of gold on a large scale. These raids were done in many cities including Lucknow, Ghaziabad, Noida, Kanpur in Uttar Pradesh, Kolkata and Delhi in West Bengal. For this, several teams of Income Tax Department were formed, who raided different places of the country at the same time.
Team reaching the homes of businessmen
According to the report, raids are also being conducted at the locations of real estate traders associated with bullion traders. Teams are also reaching the homes of the businessmen whose names are coming to the fore after questioning and raids. The Income Tax Department says that these traders had invested the illegal money earned from huge tax manipulation and buying and selling of gold in the real estate business. So that these people do not come under the radar of the Income Tax Department.
At present, the Income Tax Department has not given information about what has been found in this raid, but it is being told that during this large-scale raid, the black letters of many traders have come in front of the IT department. Can, who for the last several years were doing the work of defrauding the department by buying and selling a huge amount of gold.
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