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Vivo India Remitted 50 Percent Turnover Worth Rs. 62,476 Crore to Avoid Paying Tax in India, Claims ED

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Vivo India has illegally transferred 50 percent of its turnout worth Rs. 62,476 crore to China in order to avoid payment of taxes in India, claims the Enforcement Directorate. The government agency has not stated the time period of the transaction. The stepped-up action against the Chinese-backed companies operating in India comes in the backdrop of the military stand…

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