Quick Summary
In a recent development, Truecaller, the Stockholm-based caller identification and spam-blocking app, confirmed that it is cooperating with Indian income tax authorities following raids on its offices in Noida, Mumbai and Bengaluru. These searches were conducted on Thursday as part of a tax investigation, and the company stated that it is awaiting further communication from the tax department regarding the grounds of the investigation. "Truecaller is currently assisting the authorities to the f
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FAQ :
Truecaller's offices in Noida, Mumbai, and Bengaluru were searched by Indian income tax authorities.
The searches were conducted as part of a tax investigation, which Truecaller described as not being an extraordinary tax investigation beyond routine audits.
Truecaller confirmed it is cooperating fully with the authorities at its offices and is awaiting further communication regarding the grounds of the investigation.
Yes, Truecaller stated that its financial practices are transparent and its global financial statements have consistently received unqualified audit opinions.
The company emphasised that its transfer pricing policies, governing transactions between its Swedish and Indian offices, adhere to the internationally accepted arm's length standard and are regularly reviewed.
The searches were conducted on Thursday.
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