India's tax agency raided Truecaller's offices over transfer pricing tax evasion allegations.

India's Income Tax Department conducted searches at Truecaller's offices on November 7, 2024, amid allegations of tax evasion related to transfer pricing practices. Truecaller, a Swedish company, stated it is cooperating fully with authorities and maintains transparency in its tax dealings, asserting it pays all required taxes in India and abroad. Following the raids, Truecaller’s shares dropped by 11% in Stockholm.

November 07, 2024
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