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Don’t be surprised by the headline but then it is the truth. Apparently, the news is that many rich people who have been working on staying away from paying taxes are getting into weak channels with their investment and are attempting to show losses.
This cue has been examined by the IT authorities and currently they are coming up with a string of raids on these heads. Source from the department says that a huge stash of cash has been recovered and more such plans are being made to corner such evading tax payers.
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