New Delhi: The Income Tax department of India is conducting searches on leading Chinese mobile companies across the country.
Mobile companies Oppo, Xiaomi, and One Plus are being covered in the searches, news agency ANI reported quoting sources.
“Raids are ongoing in Delhi, Mumbai, Bengaluru, Greater Noida, Kolkata, Guwahati, Indore and some other places,” the report said quoting the sources further.
The report said over two dozen premises were being raided in searches that began on Tuesday, adding, some fintech companies are also covered in this search.
Chief Executive Officers of these companies are covered in this search and currently, they are being interrogated by the Income Tax officials, the report said.
The report quoting sources further said that the search was conducted based on the intelligence inputs of huge tax evasion by these Chinese mobile firms.
The firms were under the radar for a long time and when the I-T department got concrete intelligence of tax evasion, these companies were raided.
According to sources, the report said a substantial amount of digital data evidence that points at tax evasion have been found and seized.
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