IT Dept Targets 394 Entities Over Suspicious Foreign Remittances

Brief By Hindustan Times / 6:27 PM on 18 Aug 2026

The Income-Tax Department has launched a verification drive targeting 394 entities suspected of receiving foreign remittances without apparent correlation with declared incomes. Officials said checks uncovered questionable transactions, including bogus donations. The department warned professionals and accountants to exercise diligence while issuing certificates for remittances and ensure compliance with tax laws.