IT raids on Hyderabad man who declared 10k crores

Money_295x200Income Tax officials conducted raids on B. Lakshman Rao from Hyderabad who declared 9800 crores through Income Declaration Scheme.

Although he declared whopping amount but he has failed to pay the Income tax . Income Tax officials have conducted raids at the residence of the person and also at the residences of his relatives and friends.

Earlier, IT officials took Ahmedabad Businessman Mahesh Shah into custody rejecting his 13,800 crores black money declaration .