I-T Dept investigates unlisted share transactions, tax evasion in OFS deals
- Posted on March 3, 2025
- By Business News Today
- 2 Views
I-T Dept investigates unlisted share transactions, tax evasion in OFS deals
The Income Tax Department is probing transactions involving high acquisition costs for unlisted stocks to reduce capital gains tax. Notices have been sent to investors who bought shares before February 1, 2018. Authorities are examining the validity of acquisition costs and the legitimacy of funds used.
