Truecaller India offices raid: Why IT department conducted searches and what the company has to say

The Income Tax Department on Thursday (November 7) carried out searches at multiple Truecaller offices across India. The tax authorities’ raids at the local offices of the Swedish company are a part of an investigation into alleged tax evasion, a report has said.
As per news agency PTI, tax officials stated that the searches were conducted to gather information and examine documents related to potential tax evasion, including concerns surrounding transfer pricing practices. Truecaller has offices in Bengaluru, Mumbai and Gurugram.