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Jewellery shops remain shut for 14th day in Delhi after IT dept carries out surveys over reports of alleged tax evasion

Gold and jewellery establishments in the national capital remained closed for the 14h day on Thursday after the Income Tax Department carried out surveys following reports of alleged profiteering and efforts at tax evasion following the government’s demonetisation move.


By   |  Updated On : November 24, 2016 05:33 PM
Jewellery shops remain shut for 14th day in Delhi after IT dept carries out surveys over reports of alleged tax evasion

Jewellery shops remain shut for 14th day in Delhi after IT dept carries out surveys over reports of alleged tax evasion

New Delhi :  

Gold and jewellery establishments in the national capital remained closed for the 14h day on Thursday after the Income Tax Department carried out surveys following reports of alleged profiteering and efforts at tax evasion following the government’s demonetisation move.

The government on November 8 announced the demonetisation of 500 and 1,000 rupee notes to flush out black money.

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 of the jewellery showrooms here have been closed since November 11.

First Published: Thursday, November 24, 2016 05:27 PM


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