Income Tax Raids Anvitha Real Estate Group in Hyderabad for Suspected Tax Evasion
Anvitha Real Estate Group, with projects in Abu Dhabi, the United States, and Hyderabad, is under scrutiny for suspected tax evasion. The Income Tax Department conducted searches in Hyderabad and Rangareddy districts.
Tax EvasionReal EstateHyderabadAnvitha GroupIncome TaxReal EstateOct 17, 2024
The searches took place in Hyderabad and Rangareddy districts. Anvitha Group is currently working on high-profile projects such as Anvitha Ivana and Anvitha High9 in Kollur, along with two other significant developments. The group has a successful track record, having completed the Bhuvi Residency project in Bachupally. Additionally, Anvitha Real Estate is involved in a real estate project in Dallas, Texas, further expanding its international footprint.
During the searches, the offices of two key directors, Atchuta Rao Boppana and Anup Boppana, were inspected. The Income Tax officials also visited the registered office of Anvitha Infra Projects Private Limited, located in Raidurg, Gachibowli. The investigation extended to other associated companies, including Anvitha Buildpro and Anvitha Assets Private Limited, which are closely linked to the directors.
Anvitha Real Estate Group is known for its ambitious and diverse portfolio of projects. The company has been making significant strides in both the domestic and international markets, with a focus on delivering high-quality residential and commercial properties. However, the current investigation by the Income Tax Department has raised questions about the company's financial practices and transparency.
The scope of the investigation includes a thorough examination of financial records, contracts, and other relevant documents. The officials are looking for any discrepancies or irregularities that may indicate tax evasion. The outcomes of this probe could have far-reaching implications for the company and the real estate industry in Hyderabad.
For more information on Anvitha Real Estate Group, visit their official website or contact their customer service for details on their current and upcoming projects.
Frequently Asked Questions
What is the purpose of the income tax raids on Anvitha Real Estate Group?
The purpose of the income tax raids is to investigate suspected tax evasion by Anvitha Real Estate Group. The searches were conducted to examine financial records and other relevant documents.
Where are the searches taking place?
The searches are taking place in Hyderabad and Rangareddy districts, including the registered office of Anvitha Infra Projects Private Limited in Raidurg, Gachibowli, and the offices of the company's directors.
What are some of the current projects of Anvitha Real Estate Group?
Anvitha Real Estate Group is currently working on projects such as Anvitha Ivana and Anvitha High9 in Kollur, along with two other significant developments. They have also completed the Bhuvi Residency project in Bachupally and are involved in a project in Dallas, Texas.
Who are the directors of Anvitha Real Estate Group?
The directors of Anvitha Real Estate Group are Atchuta Rao Boppana and Anup Boppana.
What other companies are associated with Anvitha Real Estate Group?
Other companies associated with Anvitha Real Estate Group include Anvitha Buildpro and Anvitha Assets Private Limited, which are linked to the directors.
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