New Delhi, Jan 4 (SocialNews.XYZ) The Income Tax Department on Monday carried out limited verification exercise at the office premises of the Zee Group and Larsen and Toubro to verify into their bogus inputs about tax credit, official said.
A senior IT official, requesting anonymity told IANS, "There are no searches or raids but we are carrying out limited verification exercise at the offices of the Larsen and Toubro and Zee group as we had information that they had claimed bogus input tax credit."
The official said that it is basically a follow up exercise and there is limited action on both the groups.
"We are covering these group and the companies related to these groups on account of this bogus input taxes," the official added.
The official, however, refused to share the details of the offices where the verification process is being carried out.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz