Huawei India sent Rs 750 crore to parent firm even as revenues fell: Report

The I-T department has accused Huawei's Indian unit of repatriating large amounts to the parent company in China to reduce its taxable income here

After the Enforcement Directorate on Thursday said that phonemaker Vivo remitted about Rs 62,476 crore of its turnover to China between 2017 and 2021 to avoid paying taxes in India, the I-T department has now accused Huawei's Indian unit of repatriating large amounts to the parent company, a news report said. 

Huawei Telecommunications India repatriated nearly Rs 750 crore to its Chinese parent company in the form of dividends for at least two financial years to reduce its taxable income in India "even when its revenue was reducing drastically", the I-T department said, according to a report in The Economic