India News | ED Files FEMA Case Against BBC India

New Delhi, Apr 13 (PTI) The Enforcement Directorate has registered a FEMA case against news broadcaster BBC India for foreign exchange violations, official sources said Thursday.

The federal probe agency has also called for documents and the recording of statements of some company executives under provisions of the Foreign Exchange Management Act (FEMA), they said.

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The probe is essentially looking at purported foreign direct investment (FDI) violations by the company, they said.

The moves comes in the backdrop of the Income-Tax department surveying BBC office premises in Delhi in February.

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The Central Board of Direct Taxes (CBDT), the administrative body for the I-T department, had then said the income and profits shown by various BBC group entities were "not commensurate" with the scale of their operations in India and tax has not been paid on certain remittances by its foreign entities.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)