In a major crackdown on Chinese mobile companies, the Income Tax department is conducting searches on leading Chinese mobile companies across the country. Mobile companies Oppo, Xiaomi, and One Plus are being covered in the searches. Over 30 dozen premises are being raided in searches. Some fintech companies are also covered in this search.
Raids are ongoing in Delhi, Mumbai, Bengaluru, Greater Noida, Kolkata, Guwahati, Indore and some other places.
Chief Executive Officers of these companies are covered in this search and currently, they are being interrogated by the Income Tax officials.
The search was conducted based on the intelligence inputs of huge tax evasion by these Chinese mobile firms. The firms were under the radar for a long time and when the I-T department got concrete intelligence of tax evasion, these companies were raided.
A substantial amount of digital data evidence that points at tax evasion has been found and seized. The matter is under investigation.