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INCOME TAX XIAOMI
Xiaomi eyes settlement route for release of ₹4,704.21 cr frozen assetsXiaomi Technology India's ₹4,704.21 crore remains held up as authorities have attached its bank accounts amid ongoing investigations. The c...- Outcome of tax disputes holds key to Xiaomi’s opsXiaomi Technology India's ability to continue as a going concern depends on the outcome of multiple regulatory and tax disputes and additio...
- IT dept searches premises of Lenovo on evasion chargesOfficials also conducted a tax survey at the facilities of one of the vendors of Lenovo, official sources said. These searches were made in...
- Xiaomi challenges FD seizure in Karnataka High CourtThe I-T department had passed this attachment order on December 29, 2022, under similar grounds as the previous one, alleging that Xiaomi c...
- Income Tax department issues Rs 549-crore tax demand notice to AWSThe tax department detected that AWS was charging a fee for providing cloud computing services to Indian entities but not paying tax on it,...
- Court relief for Xiaomi India, frees Rs 3,700 cr FDs, sets conditions“The impugned provisional attachment order at Annexure-A dated 11.08.2022 passed by the 1st respondent in respect of the subject fixed depo...
- Court quashes tax dept's $448 million block on Xiaomi's deposits: SourcesThe fund freeze by income tax authorities was on top of another legal tussle Xiaomi faces where it has challenged a block on $666 million o...
- FEMA authority confirms India's highest seizure order of Rs 5551.27 crore against XiaomiThe Authority, while confirming the seizure, held that the probe agency was right in holding the foreign exchange equivalent to Rs 5551.27 ...
- India probes may adversely affect operating results or cash flows: XiaomiChinese smartphone maker Xiaomi on Friday said the ongoing investigations and allegations in India could take a long period of time to sett...
- India tax authority froze $478 million of Xiaomi funds in February: Sources, documentThe fund freeze by tax authorities, being reported for the first time by Reuters, comes on top of another legal tussle Chinese smartphone g...
- EXPLAINER-China's Xiaomi battles probes in key India marketXiaomi denies wrongdoing. But it recently hit the headlines with accusations that its executives faced intimidation from Indian enforcement...
- Karnataka HC orders interim stay on ED order seizing Xiaomi India's assetsA single judge bench of Justice Hemant Chandangoudar issued an interim stay on the seizure, since Xiaomi India operates the accounts for ca...
- ED seizes Rs 5,500 crore of Xiaomi in FEMA caseCompany being probed over alleged illegal royalty payments made to three foreign entities. Smartphone maker denies any wrongdoing, assures ...
- ED seizes Rs 5,551 crore of Xiaomi India for alleged forex violationThe Directorate of Enforcement (ED) has seized Rs.5551.27 crore of Xiaomi Technology India Private Limited under the provisions of Foreign ...
- ED seizes Rs 5,551 crore of Xiaomi India under FEMA for alleged forex violationThe Directorate of Enforcement (ED) has seized Rs 5551.27 crore from Xiaomi Technology India Private Limited, a wholly-owned subsidiary of ...
- ED summons execs of Xiaomi, OnePlus over 'forex violations'In the case of Xiaomi, the ED is probing alleged foreign remittances of more than ₹1,000 crore, said people in the know. These remittances ...
- Xiaomi global Vice President Manu Jain appears before Enforcement Directorate in FEMA caseThe federal probe agency, according to sources, is investigating the company and its executives under the provisions of the Foreign Exchang...
- Enforcement Directorate summons former Xiaomi head Manu Kumar Jain in investigation: SourcesThe agency has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing ...
- Oppo, Xiaomi can be fined Rs 1,000 crore for non disclosure of related party transactions : I-T departmentSmartphone makers Xiaomi and Oppo can be fined Rs 1,000 crore for violating the law pertaining to non-disclosure of related party transacti...
- Taxmen raid Oppo, Xiaomi, Rising Star, Dixon officesMore than 20 premises in the National Capital Region, Mumbai, Rajkot and Karnataka linked to Oppo and Xiaomi were searched by the tax depar...
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