Hyd: Income Tax searches on two major real estate groups

The income tax investigation unit has conducted searches on two real estate companies across Hyderabad, Bengaluru and Chennai and found that they failed to disclose Rs400 crore capital gains. The I-T searches have led to seizure of undisclosed cash of 3.5 crore and gold, silver, jewellery worth 18.5 crore.

from Hyderabad News: Latest Hyderabad News Headlines & Live News Updates from Hyderabad - Times of India https://ift.tt/j5yAe4Z