Photo: Siasat
Multiple Locations Connected To Chinese Mobile Phone Firms Raided By ED
Raids are being conducted by the Enforcement Directorate (ED) at numerous locations across the nation that are directly or indirectly related to Chinese mobile phone firms. More than 30 places have been investigated. ED is looking for Vivo and its affiliated businesses. Earlier, the Karnataka High Court had blocked an ED Foreign Exchange Management Act (FEMA) seizure of Xiaomi assets.
Tags: Enforcement Directorate, Raid, Chinese Mobile companies, Xiaomi, Karnataka High Court
Courtesy: India today
Photo: The Shillong Times
IT Department Raids Chinese Mobile Companies And Fintech In Major Cities
The Income Tax Department started massive searches on leading Chinese mobile companies and Fintech companies in India. The search started on December 21 and is still underway, includes companies like Oppo, Xiaomi, and One Plus. "Raids are going on in Mumbai, Delhi, Bengaluru, Greater Noida, Kolkata, Guwahati, Indore and other regions. The major crackdown was based on an intelligence input of tax evasion, but further details are awaited.
Tags: fintech, Chinese Mobile companies, Tax Evasion, Income Tax Department, metropolitan cities
Courtesy: ANI
