Tax raids in Delhi, Mumbai, key cities

Interestingly, the operations (surveys) were launched from the evening as the taxman wanted some hard cash to get accumulated at the payment counters to make the action effective. Officials said the operations were being carried out at least at four locations in the national capital including popular market places like Karol Bagh, Dariba Kalan and Chandni Chowk, three locations in Mumbai and few others in Chandigarh and Ludhiana. Till reports came in, similar survey operations by I-T authorities are also understood to have been launched in two south Indian cities. Sources said the department had received “actionable inputs” that some traders, jewellers, currency exchanges and hawala dealers were allegedly exploiting the recent currency demonetisation of Rs 500 and Rs 1,000 notes and were changing currencies at “discounted” prices.