Income Tax Raids Underway at Over 100 Locations in Hyderabad

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Income Tax

The Income Tax department conducted raids at over 100 locations in Hyderabad on Thursday, targeting industrialists, businessmen, contractors, chit-fund companies, and finance companies.

About 100 teams of I-T sleuths searched premises in areas like Kukatpally, Ameerpet, Shamshabad, and Jubilee Hills. They were reportedly looking into complaints of tax evasion and were checking records of financial transactions, computers, laptops, and other digital records.

The raids come amid a crackdown on tax evasion in the city. In recent months, the I-T department has conducted raids on several high-profile individuals and businesses in Hyderabad.

Further details are awaited.

 

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