comscore Income Tax department conducts raids at OnePlus, Xiaomi, and Oppo India offices: Report
News

Income Tax department conducts raids at OnePlus, Xiaomi, and Oppo India offices: Report

The Income Tax (I-T) department is conducting search operations at OnePlus, Oppo, and its Chinese distribution partners, and also at Xiaomi’s offices across various cities including in Mumbai, Delhi, Bangalore, Hyderabad, and Rajkot.

xiaomi logo jpg

Chinese smartphone manufacturers are grabbing attention once again. As per a new report coming from The Economic Times, the Income Tax (I-T) department is conducting search operations at OnePlus, Oppo and its Chinese distribution partners, and at Xiaomi’s offices across various cities across Mumbai, Delhi, Bangalore, Hyderabad, and Rajkot. Also Read - OnePlus 10 Pro India launch imminent? Phone spotted on certification site

The search operation is said to be based on intelligence input on concealed income and tax evasion. Oppo and Vivo account for around 25 percent of the market share in the country. On the other hand, Xiaomi is the top smartphone manufacturer in India. Also Read - Amazon Republic Day Sale: From iPhone, OnePlus to Tecno, Samsung, check top smartphone deals

Commenting on the development, an official said, “different directorates are carrying out search operations on these companies”. The raids began early in the morning today and are said to continue till the end of the day. Also Read - OnePlus 9RT 5G quick look: Another beautiful flagship by OnePlus

As per the report, the “premises of senior executives and the offices of these companies are being searched”.

The Chinese smartphone manufacturers haven’t commented on the matter yet, but it is likely that the raids are being conducted over security concerns raised by the central government. The government of India has been working on stopping Chinese OEMs like Oppo and Vivo from operating through their Chinese partners. The government primarily wants these Chinese phone companies to manufacture products through local companies instead.

As per the report, the raids are underway since Tuesday. However, the IT department isn’t the only one involved in the search operations. As per the report, it is joined by the ED that has also been conducting similar raids on these Chinese smartphone manufacturers. Oppo’s Chinese distribution partner was recently penalized in hundreds of crores by the ED in Hyderabad.

Additionally, the IT department has also conducted raids at contract manufacturing companies Rising Star India and Dixon’s units in Southern India factories.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel. Also follow us on  Facebook Messenger for latest updates.
  • Published Date: December 22, 2021 4:31 PM IST
  • Updated Date: December 22, 2021 9:03 PM IST



new arrivals in india

Best Sellers