New Delhi: The Enforcement Directorate has registered a FEMA case in opposition to information broadcaster BBC India for overseas alternate violations, official sources stated Thursday. The federal probe company has additionally known as for paperwork and the recording of statements of some firm executives beneath provisions of the Foreign Exchange Management Act (FEMA), they stated.
The probe is actually taking a look at purported overseas direct funding (FDI) violations by the corporate, they stated. The strikes come within the backdrop of the Income-Tax division surveying BBC workplace premises in Delhi in February.
The Central Board of Direct Taxes (CBDT), the executive physique for the I-T division, had then stated the revenue and earnings proven by numerous BBC group entities have been “not commensurate” with the dimensions of their operations in India and tax has not been paid on sure remittances by its overseas entities.
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