FirstCry Founder Under Investigation for Suspected $50 Million Tax Evasion

Last updated: 31 August 2023

The Income Tax department of India is probing an alleged tax evasion of $50 million by Supam Maheshwari, the founder of FirstCry, an online retailer of baby and child products. The department has sent notices to Maheshwari asking why he did not pay taxes on equity transactions conducted in FirstCry.

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