Taxman raids bullion traders in Delhi

It's not just corporates that are under the taxman's scanner but bullion traders as well. The Delhi taxman has concluded raid operations on bullion traders in the chandni chowk area which began last Friday, reports CNBC-TV18 quoting sources.

July 25, 2011 / 21:50 IST

It's not just corporates that are under the taxman's scanner but bullion traders as well. The Delhi taxman has concluded raid operations on bullion traders in the chandni chowk area which began last Friday, reports CNBC-TV18 quoting sources.

According to sources, five traders were searched and four surveyed on.
Alleged inaccurate reporting of income and sources indicate that an alleged disclosure of Rs 15 crore has been made during the raids, along with a total cash and bullion seizure of Rs 8.2 crore.

first published: Jul 25, 2011 09:47 pm

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