Tuesday, November 22, 2016

Jewellers shut shops for 12th straight day after income-tax surveys


Gold and jewellery establishments in the national capital remained closed for the 12th day today after the Income Tax Department conducted surveys following reports of alleged profiteering and tax evasion by traders and other operators in reported conversion of demonetised notes.
The survey operations were carried out on November 10 in at least four locations in Delhi-NCR region, including Dariba Kalan, Chandni Chowk and Karol Bagh.
The government on November 8 announced the demonetisation of 500 and 1,000 rupee notes to flush out black money.
Most of the jewellery houses have been closed since November 11 in the national capital.(more)

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