Income Tax Department conducted survey operations at multiple Marico group premises on tax evasion charges.
The Mumbai investigation wing is leading the action.
Financial documents and transactions are being scrutinised as part of the probe.
Marico has not issued a comment yet.
I-T Dept Conducts Survey Operation Against Marico Group
The tax department teams are scrutinising financial documents and transactions of the company as part of a tax evasion probe
Marico Group
Summary
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The Income Tax Department on Wednesday conducted a survey operation at various business premises of the Marico group on charges of tax evasion, official sources said.
The action is being undertaken by the Mumbai investigation wing of the department.
The tax department teams are scrutinising financial documents and transactions of the company as part of a tax evasion probe, they said.
The company could not be contacted immediately for a comment on the I-T action.
Marico is one of India's leading consumer goods companies operating in the global beauty and wellness categories.
As per a company statement, during the 2024-25 fiscal it recorded a turnover of USD 1.3 billion through its products sold in India and chosen markets in Asia and Africa.
As part of a survey operation, the tax department makes a surprise visit at the business premises of the entity under investigation.
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