Income Tax Department Issues Notices to 300 Private Equity Firms Over Capital Gains Tax Evasion

The Income Tax Department has issued notices to 300 private equity firms over alleged capital gains tax evasion. This action aims to ensure compliance with tax regulations. The notices reflect the department's focus on detecting and preventing tax evasion. This initiative underscores the importance of tax compliance in the financial sector. The notices will prompt responses from the affected firms.