New Delhi: Income Tax Authority conducted a search operation at the Chinese Telecom Major Office in Delhi, Gurgaon and Bangalore, months after similar actions against ZTE.
Raids starts in the morning and continues throughout the day.
Tax officers also questioned the senior management of Huawei India, looking at documents around the company’s financial transactions.
But it was not clear whether Huawei in his MD David Li was also questioned, even though the company’s company headquarters now maintained a close watch on developments.
“We have been told about V ISIT from the AX Team income to our office and also their meetings with several personnel.
Huawei believes our operations in India strongly meet all laws and regulations.
We will approach the Overnment G department related to more information and more information and more information.
Fully work together, “said the company.
After the raids in ZTE, the government said it explored various violations, including the embezzlement of large taxes, false costs worth hundreds of crores, purchasing illegal shares and currency exchange and accounting exchange.
Some leading Chinese cellphone handset makers including Oppo and Xiaomi are also under the tax authority lens.
It also sees the hidden income and other undoubted financial transactions carried out by Chinese company gamut operating in telecommunications and electronic space.
The action against Huawei, which is now almost out of the calculation to supply 5G telecommunications equipment, comes in the midst of a difficult holder that has been taken by the government against Chinese companies as R Elations between cold topborder disputes.
On Monday, the Ministry of Information Technology has also initiated a new action against 54 Chinese applications accusing some of them pose threats to the country, taking the number of companies facing actions to more than 300 now.
While the tax authority does not comment on the probe details or actions against Huawei, the source says some company financial transactions are being seen and detailed will be disclosed after concrete findings.
The role of Huawei and ZTE in the global telecommunications equipment business faced supervision, as well as the owner’s owner and the owner link with PLA.
Some countries including Australia and Britain fear that Chinese authorities can use two players, which are known to offer cheaper equipment, to oversee the network.
Worried about similar threats, the government has now decided to allow telecommunications companies to only buy equipment from “trusted sources” certified.
I-T searches at the Huawei office in 3 cities
