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HDIL admits 350 cr in unreported income to income tax department .

vishaljain's picture
Submitted by vishaljain on September 12, 2009 - 04:15

News appearing in et and many other publications that HDIL offices has been raided by IT department based on tip that company is showing higher fake expenses to reduce net profit.

Isn't that supposed to be known by IT department anyways ? Almost every company does it. Just kidding .. But let's be truthful. As far as I know almost 70-80% of companies do these kind of accounting tricks. Now the key question is ..where is that money. I hope HDIL was not pleasing stock market . Definitely not .they did not tried to pump up the profit just like satyam .

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