I-T raids continue on Chinese mobile firms

With the Income Tax department conducting searches at several premises of Chinese mobile companies across the nation, smartphone brand OPPO said on Wednesday it will continue to cooperate with authorities as per procedure. According to sources, the smartphone companies were allegedly violating rules and norms to evade taxes and were on the radar of several probe agencies, including the I-T department. In a statement to IANS, OPPO said that as an invested partner in India, “We highly respect and abide by the law of the land”. “We will continue to fully cooperate with authorities concerned as per procedure,” the company added.

Earlier, some Chinese firms which were allegedly running mobile loan application and transport business, were raided by the agencies. Now, few more firms have come into their radar.

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