Chinese brand’s move failed in India! Government made full recovery of money – chinese mobile company tax evasion rs 8 thousands crore
[ad_1]
The Chinese mobile company was accused of tax evasion. For a long time, the Government of India has been investigating Chinese companies regarding tax evasion. There is an allegation that Chinese companies are wrongly sending the money earned in India abroad. Means these companies are saving tax by showing business loss in India. If it was so, then how money is being sent abroad by these Chinese companies. However, the government blew the lid off the ploy of Chinese companies.
8000 rupees tax evasion allegation
The government has informed the Parliament about this, according to which Xiaomi, Vivo and Oppo have evaded tax of about Rs 8,000 crore from India. Although the government has recovered almost all the money. Chinese companies have committed tax evasion of about Rs 1108 crore in about 6 years. Out of this, about Rs 1025 crore has been recovered.
8000 rupees tax evasion allegation
The government has informed the Parliament about this, according to which Xiaomi, Vivo and Oppo have evaded tax of about Rs 8,000 crore from India. Although the government has recovered almost all the money. Chinese companies have committed tax evasion of about Rs 1108 crore in about 6 years. Out of this, about Rs 1025 crore has been recovered.
xiaomi tax evasion
- Year 2019-20 – Rs 653 crore
- Year 2020-21 – Rs 23.99 crore
- Year 2022 – Rs 4.61 crore
oppo tax evasion
- Year 2017-21 – Rs 4,403 crore
companies accused of tax evasion
- Oppo
- vivo
- Xiaomi
- Itel
- Tecno
- Infinix
- Realme
- OnePlus
money recovered
Xiaomi paid an interest of Rs 31,77,721 in the year 2019-20. While Rs 13,30,143 was given as penalty.
Note Although Chinese mobile companies kept clarifying that there was no tax evasion from their side. If you believe in Chinese companies, then they completely follow the local rules and regulations in India.
[ad_2]
Source link
