BBC Income Tax Survey: After survey on BBC, CBDT said – Flaws have been found in tax documents, full details – cbdt said discrepancies have been found in bbc’s tax documents

Transfer Pricing: What is transfer pricing, for which Income Tax action was taken on BBC

Unearthed several important evidences

Without naming the media organisation, the Central Board of Direct Taxes (CBDT) said in a statement that income tax teams have unearthed important evidence in the form of statements of employees, digital evidence and documents. Officials said the statement pertains to the British Broadcasting Corporation (BBC). According to the statement, several anomalies were found during the survey. Let us tell you that this survey was started on February 14 at BBC offices in Delhi and Mumbai and ended after about 60 hours on Thursday night.

BBC PM Modi Documentary: British government ‘closely monitoring’ income tax survey in BBC offices

What is transfer pricing

One party may transfer goods or services to another party for a price, which is known as the “transfer price”. In this process, different divisions of the same company buy and sell goods or services to each other, then it is called transfer pricing. Understand in simple language, if service or any goods are transferred between the two divisions for payment instead of money, then it is called transfer pricing.