Vivo remitted almost 50% of turnover to China to avoid getting taxed in India, says ED
The Enforcement Directorate (ED) on Thursday said the Indian arm of Chinese smartphone maker Vivo “remitted” almost 50% of its turnover, which is ₹62,476 crore, mainly to China in order to avoid paying taxes in India. The federal probe agency also said it has seized funds worth ₹465 crore kept in 119 bank accounts by […]
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