Income Tax Raid on Joyalukkas

Written By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    On charges of alleges tax evasion, the IT (Income Tax) Department today conducted a country-wide search of over 100 stores and other premises of two major South-India based jewellery chains, reported PTI.

    Income Tax Raid on Joyalukkas

    The search was carried out on Kerala-based Joyalukkas and another firm connected with it. 130 premises of the jewellery business groups were raided in cities of Chennai, Hyderabad, Delhi, and Thrissur. Other locations belonged to the state of Kerala, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat and West Bengal.

    The move was aimed at checking alleged tax evasion following demonetization. Huge cash deposits and sale figures of gold, diamond, and jewellery in their accounts were detected by tax sleuths.

    IT Department's Chennai wing is coordinating the nation-wide search with over 100 tax sleuths and a number of police teams.

    Read more about: joyalukkas gold it raid
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more