The income tax department on Saturday claims that the Dainik Bhaskar group allegedly evaded taxes of Rs 700 Crore over a time span of 6 years. On conducting a raid it is found that Bhaskar evaded such a tremendous amount of taxes by fake companies assigned to their employee’s names to “book bogus expenses” and “siphon off profits”. DB corp is found indulged in unaccounted trading of 2200 crore with interest and access to media, real estate, textiles, and power. DB Corp has been claimed of fake ITR filing. In this article, we will discuss Income Tax Raid Conducted on Dainik Bhaskar.
Income Tax Raid conducted on Dainik Bhaskar
The residence of Sudhir Aggarwal, the owner of DB Corp in Bhopal has been searched by the Income-tax Department on July 22, 2021. The media group has more than 60 operations working in most of the Indian states in many languages.
Officials in the Central Board of Direct Taxes indirectly referred to DB corp as a “Rs 6,000-crore prominent group”. The bogus expenditures include the supply of manpower, transport, logistics and civil works, and fictitious trade. Tax officials say that the company was involved in concocted transactions without actual payment or delivery of goods.
The Dainik Bhaskar Group has denied the authenticity of the claims and allegations put against them. They said that being scared and in order to escape the coverage of floating dead bodies found in Ganges case, the government launched raids and is trying to defame them.
They added that the mobile phones of the employees have been seized and no female tax person came as a part of the IT team to search their houses and offices.
Further Information by Income Tax Department
Raid and extreme searches were conducted by more than 100 taxmen on 20 residential and 12 business premises in cities like Mumbai, Delhi, Indore, Noida, Ahmedabad, their headquarters Bhopal and many other places across the country in a joint exercise launched on Thursday.
DB Corp also said that they were aggressively reporting on the huge scale of devastation in the second wave of the COVID 19 pandemic in April-May and its aftermath. The residence of Brajesh Misra, editor of Bharat Samachar was also searched by the IT team. Rajasthan’s CM Ashok Gehlot and Delhi’s CM Arvind Kejriwal condemned the action of the IT department.
Step-by-Step Guide to File Income Tax Returns Online & Offline
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