Income Tax Officials raided Ramanaidu Studios and Suresh Productions Office on Wednesday. Three Teams are taking part in the I-T Raids happening Today. Search operation has been continuing since morning in as many as three locations (Suresh Babu’s House in Jubilee Hills, Suresh Productions Office near Apollo Hospitals, Ramanaidu Studios in Nanakramguda).
Reportedly, Income Tax Sleuths found out irregularities in the I-T Returns submitted by Suresh Babu-owned Ramanaidu Studios and Suresh Productions in the past four years. The documents recovered from the three locations were analysed in detail by the Officials.
D Suresh Babu is the head of Ramanaidu Studios and Suresh Productions. He was instrumental in making Ramanaidu Studios debt-free and improved its reputation over the years. D Ramanaidu’s Elder Son is also known to be very choosey when it comes to producing feature films. Has he refrained from paying taxes that were supposed to reach the government?
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