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Exclusive | Tax Dept Probes 394 'Paper' Firms Over Rs 1.29 Lakh Crore Foreign Remittances

NDTV Profit 19 August 2026 at 09:36 am 1 min read 4 views Read Original
Exclusive | Tax Dept Probes 394 'Paper' Firms Over Rs 1.29 Lakh Crore Foreign Remittances

The probe comes after data showed 6,422 entities remitted Rs 1.29 lakh crore abroad in Q2 FY26. A significant 72.3% of the total outflow went to five jurisdictions—Singapore, UAE, Hong Kong, Mauritius and China.

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