Friday, 24 March, 2023

Income tax department accuses Huawei of tax evasion!

<p>Indian authorities are investigating Huawei for possible tax cheating. The Income Tax authorities have charged Huawei with sending significant sums of money back to its Chinese parent company. Huawei allegedly delivered the funds in the guise of dividends to lower its taxable income, as per the government. The corporation allegedly paid out 750 Cr in dividends &quot;even as its revenue was rapidly declining,&quot; according to the government.</p>