Income Tax Raids Conducted at 50 Locations Connected to Polycab India in Mumbai
Polycab India Limited, the largest manufacturer of wires and cables in the country, operates through 23 manufacturing facilities, over 15 offices, and more than 25 warehouses across India.
Income Tax Raids Conducted at 50 Locations Connected to Polycab India in Mumbai
The Income Tax Department's investigation wing carried out searches at around 50 locations associated with Polycab India in Mumbai on Friday.
The raids included residences and offices of top management officials connected to the company.
Polycab India Limited, the largest manufacturer of wires and cables in the country, operates through 23 manufacturing facilities, over 15 offices, and more than 25 warehouses across India.
In September, the company disclosed a 59 percent increase in profits, reaching Rs 426 crore.
By December 11, Polycab's market capitalization neared the Rs 85,000 crore milestone, surpassing Havells India.
Also Read: Understanding Capital Gains Tax on Property: Types and Strategies for Tax Savings
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Krishna Gopal Varshney
An editor at apnokacaKrishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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Krishna Gopal Varshney
An editor at Myitronline
Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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