Around 11:00 a.m. on Tuesday, survey operations by Income Tax Officials commenced at BBC offices in Delhi and Mumbai. On the employee database, they looked for four specific phrases, including “shell company” and “fund transfer.” IT officials seized all of the electronic equipment on the property, including mobile phones.
Income Tax Officials search for four particular keywords, including shell company and fund transfer
To look into issues with foreign taxation and transfer pricing of BBC subsidiary firms, electronic equipment was seized. Four keywords, including Shell Company, fund transfer transfer, and overseas transfer, were looked up by IT personnel. Officials in charge of IT have been informed by BBC editors that they will not grant access to any editorial content stored on their systems.
Electronics were taken in order to look into problems with international taxation and transfer pricing of BBC subsidiary firms. Shell Company, fund transfer, overseas transfer, and other four keywords were looked up on the systems by IT officials. The BBC’s editors have informed IT personnel that they will not grant access to any editorial content that is stored on their servers.
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Purpose of Survey?
Income Tax Department has revealed that the survey was bring carried out to investigate issues related to international taxation system and transfer pricing of BBC subsidiary companies.
The broadcaster had received notices in the past but was “defiant and non-compliant” and had significantly shifted its income, according to the IT personnel.
The BBC India office was the subject of a survey, not a search, according to IT personnel, who also promised that the phone would be returned. The IT officials are also looking at records pertaining to the company’s business activities and those connected to its Indian arm.
UK starts monitoring the situation
Although there hasn’t been an official remark from a British government spokesperson, they have stated that they will be “closely monitoring” the tax surveys that were performed at the BBC offices in India.
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