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.