Tax Evasion Probe: Income Tax Survey at Marico Group

The Income Tax Department conducted a survey at Marico group's business premises over tax evasion charges. The Mumbai wing is examining financial documents as part of the probe. Marico, a leading consumer goods company, reported a turnover of $1.3 billion in 2024-25.

The Income Tax Department executed a comprehensive survey operation at multiple business premises of the Marico group on Wednesday, targeting allegations of tax evasion, official sources report.

The action is spearheaded by the department's Mumbai investigation wing, with teams meticulously scrutinizing the company's financial documents and transactions as part of the ongoing tax evasion inquiry.

Despite attempts, Marico, a prominent Indian consumer goods entity with a $1.3 billion turnover in 2024-25, could not be reached for a statement regarding the tax department's unexpected intervention.

(With inputs from agencies.)