Income Tax department raids at Nikkamal jewellery house at Mall road. Tribune photo
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.
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.
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