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India busted another foreign company with tax issue.

syed putra

Alfrescian
Loyal
It started with vodafone
Then it went on and on.
Before this xiaomi
And now...

Chinese carmaker BYD faces Indian tax investigation​

By Nikunj Ohri and Aditi Shah
August 2, 202312:28 PM GMT+8Updated 4 hours ago



Auto Shanghai show, in Shanghai

FILE PHOTO-People use their phones in front of the BYD Seagull that is displayed at the Auto Shanghai show, in Shanghai, China April 19, 2023. REUTERS/Aly Song/File Photo
  • Companies
NEW DELHI, Aug 2 (Reuters) - Chinese automaker BYD (002594.SZ) faces an ongoing Indian investigation over allegations that it paid too little tax on imported parts for cars it assembles and sells in the country, two sources with direct knowledge of the matter said.
India's Directorate of Revenue Intelligence (DRI) has alleged that China's largest electric vehicle (EV) maker, whose expansion plans have been hit by fractious relations between New Delhi and Beijing, underpaid tax of 730 million rupees ($9 million), one of the sources said.
 

mojito

Alfrescian
Loyal
Yellow scammers scammed by brown scammers. Indias are clearly too smart to put their money in cina. :cool:
 

borom

Alfrescian (Inf)
Asset
They are doing it funded indirectly by your CPF monies for which you worked your ass off .
The issue here is, will they invest with their own or their family monies ?
How much of HC and LHL's own funds are invested in India ?
 
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