Income Tax raids in Haryana, Delhi over instant loans through app

New Delhi, November 18

The Income Tax Department today carried out search and seizure operations in Delhi and Haryana in the case of a fintech company providing instant short-term personal loans through a mobile application.

The searches were conducted on the business and residential premises in Delhi and Gurugram.

During the search, it was revealed that the company had been allegedly charging a high processing fee at the time of disbursement of loans.