Follow Us
Income Tax raids on leading Ludhiana jewellers
Ludhiana, November 24
The Income Tax Department today raided the premises of prominent city businessmen, including Nikkamal Jewellers, Mall Road; Sardar Jewellers, Ghumar Mandi; and Mani Ram Balwant Rai, near Pavilion Mall.
A total of 26 premises were searched. An official said, “It is mandatory for jewellers to take a copy of PAN card from customers buying jewellery above Rs 2 lakh. Many jewellers split the bills to keep these under Rs 2 lakh so that customers’ details remain unknown.”
The department was expecting to unearth a huge tax evasion, he said.
The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.
Join Whatsapp Channel of The Tribune for latest updates.
Show comments
Show comments
Trending News
Also In This Section
Top News
Most Read In 24 Hours
1
5
8
9