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IndiaJewellers shut shops for 5th day after IT survey

Jewellers shut shops for 5th day after IT survey

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Jewellers shut shops for 5th day after IT survey

NEW DELHI : Gold and jewellery establishments in the capital remained closed for the 5th day today after the Income Tax Department conducted surveys following reports of alleged profiteering and tax evasion by traders and other operators in reported conversion of demonetised notes.

The survey operations were carried out on November 10 in at least four locations in Delhi-NCR region, including Dariba Kalan, Chandni Chowk and Karol Bagh.

Most jewellery houses have been closed since November 11 in the national capital.

According to the sources, the officials of Directorate General of Central Excise Intelligence (DGCEI), an arm under the Ministry, has sent notices to these jewellers seeking details of the gold sales.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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