Truecaller under IT dept investigation for transfer pricing violations: Report

The Income Tax Department of India (IT) has started an investigation into calling ID and spam caller blocking application Truecaller over an alleged violation of transfer pricing regulation action, reported the news portal India Today on Thursday, November 7.

IT department officials have conducted raids at Truecaller’s offices and other premises linked to the app in Gurugram and a few other places, as per the report.