Truecaller, a smartphone software agency, on Thursday stated it was helping the authorities to the complete extent at its places of work in Mumbai and Gurugram. The Swedish caller ID platform issued an announcement after the Revenue-Tax Division carried out a survey operation at its places of work on prices of tax evasion.
Will cooperate absolutely with the related authorities: Truecaller
“Truecaller is at the moment helping the authorities to the complete extent at our places of work. This got here with out prior discover and Truecaller is at the moment awaiting official affirmation and communication from the tax departments. This isn’t an unusual observe and Truecaller will cooperate absolutely with the related authorities. Almost about taxation, as a publicly-listed firm, our practices are fully clear,” stated Truecaller within the assertion.
Revenue tax division right now carried out survey on “Truecaller” places of work. Revenue tax sleuths surveyed the places of work in Mumbai and Gurugram for violating switch pricing rules: Official sources to ANI
Truecaller is at the moment helping the authorities to the complete extent at our places of work. This got here with out prior discover and Truecaller is at the moment awaiting official affirmation and communication from the tax departments. This isn’t an unusual observe and Truecaller will cooperate absolutely with the related authorities. Almost about taxation, as a publicly-listed firm, our practices are fully clear: Truecaller
Tax evasion prices in opposition to Trucaller: Sources
In accordance with the sources, the IT Division’s survey commenced over alleged prices of tax evasion. The Stockholm-headquartered firm stated it was cooperating with the investigators.
Tax officers stated the survey operation was aimed to collect detailed data and examine paperwork in reference to sure prices of tax evasion together with these pertaining to switch pricing (TP) points.
They’d earlier stated it was search motion. As a part of a survey, the taxman solely visits the enterprise premises of an entity underneath probe whereas as a part of a search operation, enterprise in addition to residential and linked premises are coated.
In accordance with the corporate’s web site, Truecaller has places of work in Bengaluru, Mumbai and Gurugram in India.
The corporate stated in a public assertion that “On Thursday 7 November 2024, Truecaller’s India places of work had been visited by Indian Tax officers.”
It stated the corporate was not topic to “any tax investigation in India exterior the routine tax audits.” “Truecaller’s group monetary statements have at all times obtained an unqualified audit opinion. Truecaller has at all times paid all taxes due in India and all areas the place it operates,” it stated.
The corporate stated its switch pricing coverage for its intra-group transactions is in step with the internationally accepted arm’s size normal, as has been knowledgeable earlier.
“The aim is to make sure that Truecaller pays tax in a method that’s right from the attitude of each the Swedish and the Indian tax authorities. The coverage is constantly independently reviewed to make sure that it meets the tax legislation necessities of each nations,” the corporate stated.
Truecaller stated on its web site that it has 425 million month-to-month energetic customers world wide on Android and iOS platforms to determine numbers and block spam.
(With PTI inputs)