ED carries out Search and Seizure against Foreign Registered Online Gaming Companies, unveils Rs. 4000 Cr Layered Remittance Tax Fraud

ED - Search and Seizure - Gaming - Online Gaming - Layered Remittance - Tax fraud - ED Online gaming Tax fraud - tax - Foreign Registered Online Gaming Companies - taxscan

The Directorate of Enforcement (ED) conducted search and seizure operations on 22.05.2023 and 23.05.2023 at 25 locations in Delhi, Gujarat, Maharashtra, Madhya Pradesh, and Andhra Pradesh. These operations were carried out under the provisions of the Foreign Exchange Management Act (FEMA), 1999, as part of an investigation into online gaming companies/websites registered in foreign countries…

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