The Earnings Tax Division on Thursday carried out a survey on allegations of tax evasion within the places of work of Swedish caller ID platform Truecaller, after which, in line with CNN-News18 report, digital proof and another necessary paperwork on tax evasion have been seized by the authorities. Seized. The report additional states that these surveys have been carried out in Truecaller’s Gurugram and Bengaluru places of work.
Earnings tax officers say the aim of the survey operation was to gather detailed info and look at paperwork in relation to sure allegations of tax evasion, together with switch pricing (TP) points.
On Thursday, after information of the tax survey operation broke, a press release was issued by Truecaller, through which the corporate had mentioned that it’s constantly cooperating with the Earnings Tax authorities. The corporate mentioned it conducts common unbiased audits to make sure compliance with each Swedish and Indian legal guidelines.
The Stockholm-based firm operates a smartphone software, which has options like caller ID, name blocking, flash messaging, name recording, chat. Truecaller at present has greater than 40 crore energetic customers in India.
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