I-T raids on main Ludhiana jewellers

I-T raids on main Ludhiana jewellers

Tribune Information Service

Ludhiana, November 24

The Revenue Tax Division right now raided the premises of outstanding metropolis businessmen, together with Nikkamal Jewellers, Mall Highway; Sardar Jewellers, Ghumar Mandi; and Mani Ram Balwant Rai, close to Pavilion Mall.

Revenue Tax division raids at Sardar Jeweller at Ghumar mandi. Tribune picture

A complete of 26 premises have been searched. An official mentioned, “It’s obligatory for jewellers to take a replica of PAN card from prospects shopping for jewelry above Rs 2 lakh. Many jewellers cut up the payments to maintain these below Rs 2 lakh in order that prospects’ particulars stay unknown.”

The division was anticipating to unearth an enormous tax evasion, he mentioned.

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