IIFL Finance Thane Branch Raided by Income Tax Authorities

The Income Tax Department carried out a search operation on Tuesday morning at IIFL Finance’s Wagle Estate branch in Thane.

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Sources informed TechGraph that the operation focused on the gold loan division at the branch.

In addition to this, the tax authorities extended their search to other entities under the IIFL Group, including IIFL Finance, 360 One WAM, and IIFL Securities.

The department has not shared any official statement regarding the purpose or outcome of these operations so far.