IT Raids At Premises Of Huawei:
The government is being strict against Chinese companies. After banning 54 Chinese apps, the Income Tax Department has now raided the premises of Chinese telecom company Huawei in Delhi, Gurugram, and Bangalore in connection with tax evasion. The raid was conducted on Tuesday. On Wednesday, its findings were published in a report.
The government’s attitude towards Chinese companies is getting more strict. After banning 54 Chinese apps, the Income Tax Department has taken a major action involving tax evasion by raiding several offices of Huawei, a Chinese telecom company.
This information was shared in a report on Wednesday, citing sources. According to the statement, raids were conducted at the company’s Delhi, Gurugram, and Bengaluru offices on Tuesday.
Officers confiscated documents:
According to the report, Income Tax officials searched financial records and books of the company to investigate tax evasion by the company, its Indian business, and foreign transactions. The Income Tax team has also seized documents from these locations, according to sources. However, the company has clarified that its operations in India abide by all Indian laws and that no tax evasion is taking place.
Get out of testing 5G services:
In a statement, the company reports that the Income Tax Department team visited various offices and interrogated several employees together. Huawei is confident that its operations in India comply with all laws and regulations. The government has also prohibited Huawei from testing 5G services in India.