Income Tax raid at Jammu’s leading jewellery brand’s showroom
JAMMU: As part of its drive against errant jewelers Income Tax department raided Manik Jwellers in Jammu on Thursday.
The State Income tax department on Friday conducted a ‘survey’ at Jammu’s leading jwellery store, Manik Jewellers. In a day long survey conducted at Gandhi Nagar showroom, bills, account statements and other documents have been seized by IT deptt. In order for the ‘survey’ to be conducted, no customers were allowed to enter the premises. According to sources, post-demonetization, the jewelers have been selling gold without a proper invoice issued to the buyer. In some cases, they allegedly accepted Rs 500 and 1,000 notes from the customers and issued invoices on a date prior to the date of transaction.
On 11th November, just two days after demonetization, Income tax officials had conducted raid in 25 jwellery stores in Jammu and outskirt areas of Kathua, Samba and Udhampur, following which many jwellers shut their shops for 7-10 days, fearing raids by IT officials.
Sangeeta Gupta, Principal commissioner, IT department confirmed that the survey at Manik jwellers. was related to recent demonetisation put in place by Modi govrnment and it was conducted by