Healthcare startup Practo probed for possible tax evasion
Bengaluru-based healthcare startup Practo is reportedly facing a probe for a possible tax evasion through a cross-border corporate restructuring. Practo executives have been summoned by the Bengaluru office of the Department of Income Tax, seeking explanations for discrepancies between different company valuations conducted just a month apart in 2014. Practo's offices were also searched in May.