BBC admits 'tax evasion' in India; underreported $4.8mn income: Report
BBC admits 'tax evasion' in India; underreported $4.8mn income: Report
www.wionews.com BBC admits 'tax evasion' in India; underreported $4.8mn income: Report
Media giant British Broadcasting Corporation (BBC) has acknowledged it may have paid lower taxes in India, a report by Hindustan Times has claimed. Two officials from the Central Board of Direct Taxes (CBDT) said BBC paid lower taxes than its actual liability, said the report.
The broadcaster, in an email to the tax department, confessed to underreporting of the detected income which amounts to 'tax evasion' for which it will have to face recovery as well as penalty. Around $4.8 million (Rs 40 crore) is believed to have been underreported by the British public broadcaster, funded by the UK government.
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