Home / India News / Xiaomi to Oppo: Income tax raids on China, Taiwan phone makers

Xiaomi to Oppo: Income tax raids on China, Taiwan phone makers

According to sources, state investigation wings of the income tax department were not aware of these raids

tax, taxes, taxation, tax evasion, I-T raids, Income tax

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The raids started on Tuesday evening when I-T officials conducted a surprise raid at several offices of Redmi, Oppo, and Foxconn’s manufacturing unit at Sunguvarchatram near Sriperumbudur

Shine Jacob Chennai

3 min read Last Updated : Dec 23 2021 | 1:15 AM IST

In a major crackdown on mobile manufacturers and distributors in India, the Income Tax department has conducted raids on the offices and manufacturing units of mobile phone-making firms from Greater China -- Xiaomi, Oppo, OnePlus, Dixon, Foxconn, and Rising Star India -- across the country on Tuesday and Wednesday.

The raids are being conducted at more than 25 locations in Delhi, Mumbai, Chennai, Bengaluru, Kolkata, and Guwahati, among others. Offices of some fintech companies were also reportedly raided. The search was based on tip-offs regarding concealed income and tax evasion; in some places, digital data on concealed income was seized.

According to

Topics : IT raids Income tax raids chinese smartphone industry

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