Karnataka: I-T Department Raids Multiple Educational Institutions, Tax Evasion Suspected
These institutions including in Bengaluru have come under I-T department scanner due to tax evasion
New Delhi: The Income Tax Department on Thursday in conducting searches at multiple educational institutions in Karnataka. These institutions including in Bengaluru have come under I-T department scanner due to tax evasion.
The I-T sleuths have started raids on Thursday morning and are still underway.
Income Tax Department is conducting a search at multiple educational institutions in Karnataka. Dept has information on tax evasion by the educational institutions covered in the search. Details awaited.
— ANI (@ANI) June 23, 2022
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According to sources, the I-T sleuths were conducting raids since early morning on Sri Krishnadevaraya Education Institution, Reva University and Divyashree Institute and others in Bengaluru. The raids were taking place in multiple locations simultaneously. Both corporate offices and education institute buildings were raided at more than 10 places.
Sources said that an I-T officers' team from the Karnataka and Goa Zone were conducting the raids. A team of 250 officers from the Income Tax Department were involved in the action.
The raids were being conducted following complaints that the institutes were charging hefty fees from foreign students, were blocking seats and indulged in tax evasion.
(With agencies inputs)
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