Quick Summary
Lux Industries, a company in the FMCG (Fast Moving Consumer Goods) sector, is currently undergoing a raid by the Income Tax Department in multiple locations, including Kolkata. The allegation against the company is related to tax evasion, with an alleged amount of Rs 200 crores involved. Lux Industries has issued a statement in response to the Income Tax Departments actions. In their statement, the company acknowledges that a survey is being conducted at their premises and affirms their full
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FAQ :
Lux Industries is being investigated by the Income Tax Department for alleged tax evasion amounting to approximately ₹200 crore.
The Income Tax Department is conducting the raid.
The raids are taking place at multiple locations of Lux Industries, including Kolkata.
Lux Industries has confirmed a survey is underway at their premises and stated they are cooperating fully with the authorities.
The company has stated that the survey is ongoing and they are unable to assess the impact yet. They will update the stock exchanges once the survey concludes.
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