• Considerable tax searches on Chinese telecom giant Huawei: Reports

    National
    Considerable tax searches on Chinese telecom giant Huawei: Reports
    Digital Desk: Official sources stated on Wednesday that the Income-tax department conducted searches at numerous locations in the country where Huawei, a Chinese telecom giant, operates as part of a tax evasion probe.

    On Tuesday, raids were carried out at the company's offices in Delhi, Gurugram (Haryana), and Bengaluru (Karnataka).

    According to sources, officials examined financial documents, account books, and corporate records as part of a tax evasion probe into the corporation, its Indian businesses, and offshore activities.

    They also claimed that some records had been confiscated.

    The company stated that its operations in the country were "completely legal."

    "We were told of the Income Tax team's visit to our office and their interaction with select employees. Huawei is certain that its operations in India comply with all applicable laws and regulations. We will contact relevant government departments for additional information and will fully cooperate in accordance with the rules and regulations, as well as the proper procedure "In a statement, the company stated.

    Also Read Deep Sidhu Car Accident: Airbag saves Girlfriend Reena Rai’s Life  

    Huawei has been excluded from 5G trials by the authorities.

    Telecom operators have been authorized to purchase telecom gear from Huawei and ZTE under their old agreements for network maintenance. Still, they will need government clearance before entering any new business arrangements.

    Last year, the tax department conducted searches against Chinese mobile communication and handset manufacturing companies Xiaomi and Oppo and their related entities, claiming to have discovered alleged unaccounted income worth over Rs 6,500 crore as a result of violations of Indian tax laws and regulations.

    Tencent Xriver, Nice Video Baidu, Viva Video Editor, and gaming app Garena Free Fire Illuminate were among 54 Chinese-linked apps banned by the Information and Technology Ministry earlier this week, citing security and privacy concerns.

    The Enforcement Directorate (ED) in India has searched and blocked the assets of Chinese-controlled businesses and non-banking financial companies (NBFCs) that offer quick loans through smartphone apps.

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