Business Standard

I-T department 'surveys' news websites in tax case

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The Income Tax department on Friday conducted separate "survey operations" at the premises of online news portals Newsclick and Newslaundr­y here, officials said. They said the operations are being conducted to verify certain tax payment details and remittance­s made by the organisati­ons. Tax officials are covering the business premises of the two portals, officials added. Newsclick and its founders were also raided by the Enforcemen­t Directorat­e (ED) in February under provisions of the anti-money laundering law. The money laundering case arises out of a Delhi Police FIR alleging that PPK Newsclick Studio Pvt Ltd received foreign direct investment (FDI) of ~9.59 crore from Worldwide Media Holdings LLC USA during the FY2018-19.

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