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Tax Sleuths Launch Massive Raids Against Chinese Mobile Manufacturers For Tax Evasion

December 24, 2021
Source: indiandefensenews.in indiandefensenews.in
News Snapshot:
Tax Sleuths Launch Massive Raids Against Chinese Mobile Manufacturers For Tax Evasion India's tax department is carrying out massive raids on Chinese mobile manufacturing entities such as Xiaomi, Oppo, and OnePlus, which have a combined market share of over 46 percent in India. The operations are underway in at least 24 premises related to senior executives and offices of these companies in Delhi, Gurugram, and Bangalore. Sources in the Finance Ministry told Sputnik that the searches are taking place after the department received "credible intelligence inputs" suggesting these firms were evading taxes by cooking their books. These Chinese firms allegedly...
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Tags: Bangalore | bank | books | ByteDance | children | China | Chinese | court | Delhi | embassy | entertainment | finance | India | Indian | manufacturing | military | mobile | New Delhi | online game | online video | PLA | social media | Tencent | TikTok | Xiaomi

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