<ul><li>The Income Tax (I-T) department raided the Indian offices of Swedish caller identification platform Truecaller over alleged tax evasion.</li><li>Tax officials raided Truecaller’s offices to check documents regarding certain charges of tax evasion, including those pertaining to transfer pricing (TP) issues.</li><li>Truecaller confirmed that it is assisting the authorities and will cooperate moving forward, while stating that it is not subject to any tax investigation in India outside of routine tax audits.</li><li>India is the largest market for Truecaller, with a monthly active user base of 291.8 million.</li></ul>

I-T Dept Raids Truecaller’s India Offices In Tax Evasion Case

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