Income Tax raids on leading Ludhiana jewellers

Ludhiana, November 24 The Income Tax Department today raided the premises of prominent city businessmen, including Nikkamal Jewellers, Mall Road; Sardar Jewellers, Ghumar Mandi; and Mani Ram Balwant Rai, near Pavilion Mall. Income Tax department raids at Sardar Jeweller at...

Tribune News Service

Updated At : 12:05 PM Nov 25, 2022 IST

Ludhiana, November 24

The Income Tax Department today raided the premises of prominent city businessmen, including Nikkamal Jewellers, Mall Road; Sardar Jewellers, Ghumar Mandi; and Mani Ram Balwant Rai, near Pavilion Mall.

12411530CD _241122_HM_LDH_RAID 02.JPG — Income Tax department raids at Sardar Jeweller at Ghumar mandi. Tribune photo

A total of 26 premises were searched. An official said, “It is mandatory for jewellers to take a copy of PAN card from customers buying jewellery above Rs 2 lakh. Many jewellers split the bills to keep these under Rs 2 lakh so that customers’ details remain unknown.”

The department was expecting to unearth a huge tax evasion, he said.

Income Tax raids on leading Ludhiana jewellers

Tribune News Service

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