BBC to pay Rs 40 crore to make up for their tax evasion in India-Reports
The broadcaster has reportedly admitted that they evaded taxes in India from 2016-22
After tax authorities claimed they have uncovered irregularities in the BBC's accounting books in India, now 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 by India.com, the BBC has agreed to cough up Rs 40 crore to make up for their tax evasion over a period of almost 6 years – from 2016 to 2022.
It must be noted that 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.
The statement said that the income/profits shown by various group entities under BBC India do not match their scale of operations in India, as the quantity of content in India is substantial. In the raid by the Income tax department, which has been described as a survey, several pieces of evidence were found that show that tax has not been paid on certain remittances which have not been disclosed as income in India by the foreign entities of the group.
