Foreign remittances under scanner: Income Tax Dept launches nationwide verification
3 sources·Updated August 18, 2026
Income Tax verification
Covered by 3 sources
- Mint News·11h agoTax dept launches nationwide probe into suspicious foreign remittances
The verification exercise, launched on 18 August, covers 394 entities, including 117 entities located in land-border states, as well as 36 professionals who issued certificates for foreign remittances.
Read at Mint News → - Hindustan Times India·13h agoIT dept targets 394 entities over suspicious foreign remittances in 3 yrs: Official
The Income-Tax Department identified suspicious entities that remitted large amounts of foreign exchange over the last three years, it said in a statement.
Read at Hindustan Times India → - Mint Business·15h agoForeign remittances under scanner: Income Tax Dept launches nationwide verification
The Income Tax Department initiated a nationwide verification of suspicious foreign remittances, prompted by data analysis suggesting significant transactions from entities with minimal business activity.
Read at Mint Business →
