New Delhi: The Income Tax Department is conducting a national search against leading Chinese telecommunications companies, including Xiaomi, Oppo and Oneplus, as part of an investigation regarding alleged income concealment.
The source said the operation, which began on Tuesday and continued on Wednesday, covering more than a dozen locations, including Bengaluru and Gurgaon.
The latest actions follow similar operations involving ZTE, Chinese equipment and handset vendors, which allegedly threw some burdensome data.
Some contract manufacturers and vendors for Chinese players are also under the promanter while separate investigations have been launched by other economic institutions, income tax sources do not rule out the possibility of multi-agency investigations against several companies.
Although the tax department usually releases information about searching almost every day, on Wednesday chose to remain silent.
In the email statement, a spokesman Xiaomi said: “As a responsible company, we provide important interests to ensure that we are in accordance with all Indian laws.
As a partner invested in India, we fully cooperate with the authorities to ensure they have all.
information needed.
” Separate statement on behalf of Oppo said: “As a partner invested in India, we highly respect and obey land law.
We will continue to work completely with the authorities according to the procedure.” Chinese telecommunications companies face actions around the world, with the government too much on the norms to enable Indian service providers to get equipment only from “trusted sources”, a step expected to make Huawei and ZTE from the Indian market.
In recent months, Chinese companies have been under the lens in this country with several applications that have been banned and the crackdown against e-commerce companies that secretly sell goods in India.
Immediately after the Covid plague-19 years ago, the FDI rules were tightened to enable companies from China and other countries to share land borders with India only through the approval route.
In addition, there are sidewalks about the provision of government contracts to Chinese companies.
I-T searches in Chinese telecommunications companies
