Regulatory & Legal
NewsData.io25 Sept 2026, 3:21 pm ISTDelayed
Tax officials investigate three firms for circular trading
What happened
- Uttar Pradesh tax officials found three companies involved in circular trading and irregular tax claims.
- The firms deposited Rs 2.48 crore following the investigation.
Key terms explained
Financial terms from this story, in everyday words.
- circular trading
- a practice where companies trade goods among themselves without real business purpose to inflate turnover or claim tax benefits
Original source
NewsData.io
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