The income tax authorities on Tuesday (14 February) conducted 'surveys' at the offices of BBC in Delhi and Mumbai.
The purpose of the survey was to ascertain possible violation by British broadcaster of country's transfer pricing rules and profit diversions.
The surveys at the BBCās offices are being carried out under various provisions of the I-T Act, 1961 which gives the Income Tax Department the power to carry out āsurveysā to collect hidden information.
BBC has been under the radar of Indian tax authorities for alleged non-compliant with the transfer pricing rules for an extended period, which has led to several notices being issued to the broadcaster
"Despite these warnings, the BBC has been remained defiant and non-compliant, indulging in the vast diversion of profits." according to sources aware of the development.
The survey has been initiated to investigate potential instances of price manipulation for unauthorized benefits, including tax advantages.
"The key focus of these surveys is to look into manipulation of prices for unauthorised benefits, including tax advantages. These surveys have been undertaken due to BBCās persistent non-compliance of the norms, making it a repeat offender. " the source added.
Comments ā
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.
