Uber India’s finances under investigation by the income tax department

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Uber India’s finances under investigation by the income tax department

The Income Tax Department has requested specific financial data from Uber BV, the Dutch subsidiary of the US-based company Uber.

Details regarding transactions with Uber India from FY20 and FY21 have been requested by the department. The operations of Uber India are the subject of an investigation by the I-T department. The latter asserts that Uber India is an independent legal entity distinct from Uber BV, but the department has scrutinised some transactions. The ITAT has previously ruled that Uber BV has not signed any contracts pertaining to its Indian operations.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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The Income Tax Department has requested specific financial data from Uber BV, the Dutch subsidiary of the US-based company Uber.

Details regarding transactions with Uber India from FY20 and FY21 have been requested by the department. The operations of Uber India are the subject of an investigation by the I-T department. The latter asserts that Uber India is an independent legal entity distinct from Uber BV, but the department has scrutinised some transactions. The ITAT has previously ruled that Uber BV has not signed any contracts pertaining to its Indian operations.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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