India court says ByteDance must deposit $11 million in tax evasion case

India court says ByteDance must deposit $11 million in tax evasion case

3 years ago
Anonymous $4BDEsVAtYS

https://www.reuters.com/article/us-bytedance-india-tax/india-court-says-bytedance-must-deposit-11-million-in-tax-evasion-case-idUSKBN2BT16K

An Indian court on Tuesday said China's ByteDance must deposit around $11 million that authorities believe the company owes in an alleged case of tax evasion, a decision the government said bars the firm from using existing bank funds for other purposes.

India court says ByteDance must deposit $11 million in tax evasion case

Apr 6, 2021, 3:41pm UTC
https://www.reuters.com/article/us-bytedance-india-tax/india-court-says-bytedance-must-deposit-11-million-in-tax-evasion-case-idUSKBN2BT16K >An Indian court on Tuesday said China's ByteDance must deposit around $11 million that authorities believe the company owes in an alleged case of tax evasion, a decision the government said bars the firm from using existing bank funds for other purposes.