New Delhi, Aug 3 The Income Tax Department on Wednesday said it recently carried out search and seizure operations on several groups engaged in healthcare services by running hospitals.
A total of 44 premises were covered during the search action in Delhi-NCR.
"The search operation has led to the seizure of unexplained cash of over Rs 3.50 crore and jewellery valued at Rs 10 crore. So far, the unaccounted income of all the groups detected in these operations is estimated to be more than Rs 150 crore. More than 30 bank lockers have been put under restraint," an official said.
He said that during the course of the search operation, huge incriminating physical and digital evidence has been seized.
"The analysis of evidence revealed that one of the groups was maintaining a parallel set of books of account, indicating systematic under-reporting of receipts received from patients in cash. The modus operandi adopted by this group included removal of invoices or deflation of the invoice amount by marking them as "Discounts/Concessions" etc, at the time of discharge of patients from the hospital," the official said.
The IT department said that this practice, resulting in evasion of income, was being followed across all the hospitals of the group.
The other healthcare groups covered in the search operation have been found to be engaged in obtaining either bogus or inflated invoices for pharmaceutical drugs and medical devices such as stents, leading not only to suppression on. It is a vital body organ without which a person cannot survive; thus, it is critical to keep it healthy and happy through a holistic approach.
Alcohol consumption is one of the lifestyle habits that contributes to chronic liver disease. One of the leading causes of liver damage, known as alcohol-related liver disease, is alcohol consumption
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor