Buzz: High IT Raids Alert in Tollywood

Friday, November 22nd, 2019, 09:00:11 PM IST

The whole of Telugu Film Industry has reportedly gone into alert mode after the Income Tax Officials conducted surprise raids on some well known Telugu film offices on Wednesday.

According to sources, top production houses like Geetha Arts, Mythri Movie Makers, Annapurna Studios and Sri Venkateswara Creations have all passed strict instructions to their staff to maintain all proper records and be prepared.

These reason behind these sudden raids are still unknown but sources revealed that the IT department has decided to check the accounts of all big production houses in the industry at least once a year.