Income-Tax raids continue for second day in TN on retailers, realtors

Chennai: The Income-Tax raids on retailers and realtors in Tamilnadu continued for the second day today.

According to reports, the raid were continuing in Saravana Stores, Revathy Stores, and realtors G Square and Lotus group. The reasons for the raids are said to be tax evasion, GST evasion and hoarding unaccounted money.

The raids began yesterday morning with a strong contingent of 40 teams surveying 72 spots.

NT Bureau