Apr 10, 2019
Select mid-size MNCs get I-T notices
The Income-Tax Department has issued notices to select mid-scale multinationals for escaping assessment over the past seven years and has initiated investigations against them, two people with knowledge of the matter said. Most of these multinationals do not have a presence in India and haven’t filed tax returns domestically. Their transactions are limited to their clients, which are required to deduct tax before making payments.