Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« General »
Open DEMAT Account in 24 hrs
 Income Tax Refund (ITR) Status Check for FY 2024-25 (AY 2025-26) A Simple Guide
 How to Use Barcode Inventory Software in TallyPrime Complete Step-by Step Guide for Businesses (2025)
 How to Use Barcode Inventory Software in TallyPrime Complete Step-by-Step Guide for Businesses (2025)
 Which Tally is Best for You in 2025? Complete Guide to TallyPrime, TallyPrime Edit Log & TallyPrime Server
 How the IT & Technology Industry Can Use Tally Prime The Complete 2025 Guide to Smarter Finance, Billing & Automation
 How to Create a Proforma Invoice in Tally: A Complete Step-by-Step Guide for 2025
 Tally Prime and the Rise of Cloud-Native Accounting in India
 Step-by-Step: Using Tally Prime for Financial Reports and Cash Flow
 Zero Errors, Zero Hassle: How Tally Prime Reinvents Tax Compliance
 Gold Price Today in South India Madurai, Hyderabad, Warangal & Kochi (10 Nov 2025)
 How to Record Bank Statement Entry in Tally Prime

Income tax officials conduct raids on Chettinad group premises
June, 10th 2015

A day after former chairman of Chettinad group MAM Ramaswamy disowned his foster son MAMR Muthiah, income tax sleuths on Wednesday conducted raids on the groups' premises in Chennai, Mumbai, Hyderabad and Coimbatore in connection with alleged tax evasion.

Confirming the raids, income tax officials said the Chettinad group of companies had evaded tax payment for the past six years.

The raids were conducted at the residences and offices of the group chairman MAMR Muthiah (also called as Iyyappan) and other senior officials in Chennai, Mumbai, Hyderabad and Coimbatore.

A senior I-T officer said, "We are conducting raids based on a tipoff."

Sources said the I-T sleuths were conducting raids at 45 places, including offices of Chettinad Cements and other institutions belonging to the group.

Another I-T officer said, "We can come to a conclusion only after the raids. The officials have been collecting data relevant to the tax evasion for the past six years."

Meanwhile, an associate of MAM Ramaswamy said, "Iyya (MAM Ramaswamy) is at his house and is no way connected to the raids."

At a press meet held here on Tuesday, Ramaswamy announced his decision to disown his adopted son MAMR Muthiah. He also announced his decision to create trusts to secure family assets outside the Chettinad businesses under the supervision of his cousin and Spic promoter, A C Muthiah.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting