Income tax dept searches Omaxe's premises in Delhi-NCR

The Income Tax department told the media that it conducted searches at multiple premises linked to real estate firm Omaxe Limited in the Delhi-National Capital Region (NCR) region and a few other cities on tax evasion charges.

According to the officials, at least 30 locations in the Delhi-NCR region and a few others in Uttar Pradesh and Punjab are being covered where the officers of the income tax department are looking at the company documents and financial transactions primarily related to their real estate business.

Omaxe Limited is one of the leading real estate developers of Delhi-NCR. The company has a significant presence in similar product projects of Punjab, Haryana and Uttar Pradesh.

Image Source

Also read: DDA receives over 22k registrations for Special Housing Scheme 2021

Related Stories

I-T Department Clarifies Real Estate LTCG Calculations

I-T Department updates acquisition cost rules for LTCG.

Bank of India Faces Rs.1.1 Billion Tax Demand

Bank of India faces significant tax demand.

I-T raids on Bhutani Infra and Logix Group

The search operation aims to uncover potential irregularities.