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Friday, April 19, 2024

BBC admits it evaded taxes in Bharat, agrees to pay Rs. 40 crore to authorities

“BBC accepts it evaded taxes in India, agrees to pay Rs 40 crore to authorities, however, is yet to provide this in writing: Details”, Opindia, June 6, 2023:

“The British Broadcasting Corporation (BBC) has reportedly admitted that they evaded taxes in India and are now committing to pay Rs 40 crores in tax arrears. According to a report in Times of India, BBC is yet to file revised returns or provide their commitment to the Tax Authorities in writing.

The report said that tax sources have said that BBC has only made a statement of intent so far and no payment has been received by the IT department. According to a report by India.com, the BBC has agreed to cough up Rs 40 crores to make up for their tax evasion over a period of almost 6 years – from 2016 to 2022. 

In February 2023, the BBC offices were surveyed by tax authorities for 3 days. After the survey, the Finance Ministry had issued a statement explaining the depth of tax fraud committed by the BBC…..”

Read the full article at Opindia.com

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