GG News Bureau
New Delhi, 29th Nov. The Income Tax department on Wednesday conducted a survey at various entities of the Hinduja Group in Mumbai and other cities as part of a tax evasion investigation.
The survey only covered office premises, in accordance with the law. The department’s action is also related to the General Anti-Avoidance Rules (GAAR).
The Hinduja Group, which owns IndusInd Bank, Hinduja Leyland Finance, and Hinduja Bank (Switzerland), is expanding its business into new tech, digital, and fintech sectors. They plan to fill gaps through acquisitions and provide comprehensive offerings in the BFSI sector.
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