Medak MP Kotha Prabhakar Reddy says people in Telangana can easily understand why IT raids are taking place so close to elections
Posted on – Wed Jun 14, 23 at 04:59pm
Medak MP Kotha Prabhakar Reddy talks to journalists in Durbarka on Wednesday.
Sidi Pete: Medak MP Kotha Prabhakar Reddy said the income tax imposed on him was politically motivated.
Saying his life is an open book, the MP said he has been in business since 1986 and that he got his PAN card and has been an income tax assessor since he started his business. IT officials who arrived at his home Wednesday morning were greeted and guided by his daughter without hindrance. Calling his business dealings transparent, Reddy said his company had paid GST, income tax and other taxes in accordance with the guidelines.
He has not invested in foreign companies or partnered with any foreign companies. Saying he simply owns a multinational shipping company, the MP said the raid was just an attempt to tarnish his image. He never received any notification from the IT department, but IT officers searched his house without any clear explanation for the raid, he added, and some TV channels also broadcast footage of the raid. misleading information.
“It’s easy for the people of Telangana to understand why an IT raid is taking place so close to an election,” he said.
