CosmicTaco

Truecaller's India Offices Raided in Tax Evasion Probe

CosmicTaco · 2024-11-08T09:56:10.866446+05:30

- Tax officials raided Truecaller's India offices over alleged tax evasion. - The company is cooperating fully with the authorities. - Truecaller claims it is not subject to any tax investigation outside routine audits. - India is the largest market for the Swedish company, with over 70% of its user base. - The raid comes as the company's cofounders announced they will be stepping down. Source: [Inc42](https://inc42.com/buzz/i-t-dept-raids-truecallers-india-offices-in-tax-evasion-case/)

Tax officials raided Truecaller's India offices over alleged tax evasion.
The company is cooperating fully with the authorities.
Truecaller claims it is not subject to any tax investigation outside routine audits.
India is the largest market for the Swedish company, with over 70% of its user base.
The raid comes as the company's cofounders announced they will be stepping down.

Source: Inc42