Sources said that I-T held simultaneous raids at 18 places across the country.
Under Section 80D of the Income Tax Act, 1961, you can avail an annual tax exemption of up to Rs 25,000, based on the annual premium paid for an individual or a family floater health insurance policy for you, your spouse and children, or the entire family as a whole. (Representational image)
Hyderabad: I-T teams continued its searches on a branch office of a real estate company in Hyderabad outskirts on Friday and seized documents and ledgers. Sources said that I-T held simultaneous raids at 18 places across the country.
I-T conducted searches on headquarters and branch offices of an Ahmedabad-based company which deposited about Rs 100 crore with demonetised currency during November-December, 2016.
( Source : Deccan Chronicle. )
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