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Podcast: Moneylife News Bites
Episode: ‘Taxtortion’ Epidemic in New India
Description: The week Debashis Basu highlights a recent 25% drop in Polycab's market capitalization due to income tax searches and allegations of tax evasion. This incident is part of a broader trend, where several large companies, including LIC, Hindustan Lever, and LTIMindtree, are receiving notices for tax violations. The rush is attributed to the GST deadline, causing concerns about the impact on ease of doing business and investor confidence. Hosted on Acast. See acast.com/privacy for more information.