Indian tax authorities request Swiss for Neo Corp International Limited’s information for black money
Q. Switzerland has recently received information request for which Indore based textiles firm in a suspected black money case by tax authorities in India?- Published on 10 Sep 15a. Filtech Fabrics
b. N. R. Filter and Fabric Private Limited
c. Fashion Clothing Company
d. Neo Corp International Limited
ANSWER: Neo Corp International Limited
In new disclosure on suspected black money being probed by Indian tax authorities, Switzerland has received request for information about Indore origin textile firm Neo Corp International Ltd. This company began as a small woven sack maker in the 1980s and now alleges it is an MNC technical textiles group. It has faced income tax searches in February 2015 for suspected tax evasion. Around 12 names have been disclosed in this high profile crackdown by Swiss and Indian authorities.
