<p>Indian Income Tax department said on Friday that it found "irregularities in tax payments" during the recently conducted <a href="https://www.wionews.com/india-news/bbc-income-tax-survey-at-delhi-mumbai-offices-concludes-after-nearly-60-hours-562871">survey at the offices of a prominent international media company</a> in New Delhi and Mumbai. The statement comes in the backdrop of&nbsp;a three-day search of BBC offices in Mumbai and New Delhi, which concluded on Thursday.&nbsp;News agencies have mentioned that the officials said the statement pertains to the British Broadcasting Corporation (BBC).&nbsp;</p>

<p>In the&nbsp;official statement, the Central Board of Direct Taxes (CBDT) said that the income and profits shown by various BBC group entities are "not commensurate" with the scale of their operations in India.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/bbc-tax-raids-saga-office-becomes-home-for-a-dozen-bbc-senior-employees-562683">BBC tax raids saga: Office becomes home for a dozen BBC senior employees</a>&nbsp;</strong></p>

<p>Without naming the organisation, CBDT said that the media group is engaged in the business of development of content in English, Hindi and various other Indian languages; advertisement sales and market support services, etc.&nbsp;</p>

<p>The statement mentioned that the authorities have gathered several pieces of evidence about the operation of the organisation which indicate that "tax has not been paid on certain remittances" which have not been disclosed as income in India by the foreign entities of the group.&nbsp;</p>

<p><strong>WATCH | Ruckus after Income Tax survey on BBC India&nbsp;</strong></p>

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<p>The CBDT further mentioned, "The survey operations also revealed that services of seconded employees have been utilised for which reimbursement has been made by the Indian entity to the foreign entity concerned."&nbsp;</p>

<p>The statement also noted that the survey has revealed several discrepancies and inconsistencies with regard to transfer pricing documentation and such discrepancies relate to the level of relevant Function, Asset and Risk (FAR) analysis, incorrect use of comparables which are applicable to determine the correct Arms Length Price (ALP) and inadequate revenue apportionment, among others.&nbsp;<br />
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Indian Income Tax department said on Friday that it found "irregularities in tax payments" during the recently conducted survey at the offices of a prominent international media company in New Delhi and Mumbai.

Indian Income Tax department said on Friday that it found "irregularities in tax payments" during the recently conducted survey at the offices of a prominent international media company in New Delhi and Mumbai. The statement comes in the backdrop of a three-day search of BBC offices in Mumbai and New Delhi, which concluded on Thursday. News agencies have mentioned that the officials said the statement pertains to the British Broadcasting Corporation (BBC). In the official statement, the Central Board of Direct Taxes (CBDT) said that the income and profits shown by various BBC group entities are "not commensurate" with the scale of their operations in India. ALSO READ | BBC tax raids saga: Office becomes home for a dozen BBC senior employees Without naming the organisation, CBDT said that the media group is engaged in the business of development of content in English, Hindi and various other Indian languages; advertisement sales and market support services, etc. The statement mentioned that the authorities have gathered several pieces of evidence about the operation of the organisation which indicate that "tax has not been paid on certain remittances" which have not been disclosed as income in India by the foreign entities of the group. WATCH | Ruckus after Income Tax survey on BBC India × The CBDT further mentioned, "The survey operations also revealed that services of seconded employees have been utilised for which reimbursement has been made by the Indian entity to the foreign entity concerned." The statement also noted that the survey has revealed several discrepancies and inconsistencies with regard to transfer pricing documentation and such discrepancies relate to the level of relevant Function, Asset and Risk (FAR) analysis, incorrect use of comparables which are applicable to determine the correct Arms Length Price (ALP) and inadequate revenue apportionment, among others. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

IT survey on BBC: Discrepancies, inconsistencies found in transfer pricing documentation, says CBDT

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IT survey on BBC: Discrepancies, inconsistencies found in transfer pricing documentation, says CBDT