Biggest IPO Scam? I-T Dept Probes 216 OFS Deals

The Income Tax Department is investigating 216 Offer for Sale deals between fiscal 2021 and 2024 to check for potential capital gains tax evasion. With data sourced from stock exchanges, tax authorities are scrutinising discrepancies in revised returns and acquisition costs.

Watch this video to understand what’s at stake and why promoters and investors are under the taxman’s radar!