Skip to main content

Featured

Elephants in battle

A war elephant was a military elephant that had been trained and guided by humans. The main purpose of the war elephant was to assault the enemy, break their ranks, and terrorise and terrify them. Elephantry refers to military formations that use elephants to transport troops. [1] In antiquity, war elephants played a crucial role in a number of significant wars, particularly in Ancient India. While they were only used on a limited and irregular basis in ancient China, they were a permanent staple in the armies of historical Southeast Asian kingdoms. They were also used in ancient Persia and the Mediterranean globe by Macedonian troops, Hellenistic Greek nations, the Roman Republic and later Empire, and Carthage in North Africa during classical antiquity. Throughout the Middle Ages, they had a strong presence on the battlefield in several areas. However, when rifles and other gunpowder weapons became more common in early modern combat, their use declined. Following this, war elephants...
Post a Comment
Read more

The Department of Homeland Security is conducting raids on Chinese mobile and fintech companies all around the country.

DELHI, NEW DELHI: The Income Tax Department is conducting searches on big Chinese mobile businesses around the country as part of a massive crackdown on the industry.



Sources told ANI on Wednesday that mobile companies such as Oppo, Xiaomi, and One Plus are being investigated.

 The hunt, which began on Tuesday, has engulfed more than two dozen locations. "Raids are currently taking place in Delhi, Mumbai, Bengaluru, Greater Noida, Kolkata, Guwahati, Indore, and other cities," sources informed ANI.

According to ANI, this search also includes certain fintech companies. The hunt includes the Chief Executive Officers of these companies, who are currently being probed by Income Tax sleuths.

 According to insiders, the search was based on intelligence reports of massive tax fraud by major Chinese mobile companies. They had been operating under the radar for a long time, and when the IRS received actual evidence of tax fraud, raids were carried out on these businesses.

According to insiders, it is too early to provide information about the ongoing investigation because the sleuths are still on the case, but a significant amount of digital material proving tax evasion has been discovered and seized.

ZTE, a Chinese government-controlled telecom company, was searched earlier this month. ZTE's corporate headquarters, the residence of the foreign director, the residence of the company secretary, the account person, and the cash handler were all searched.

During the investigation into ZTE, the inspection of import bills vs selling bills revealed a gross profit of around 30% on the equipment trade, despite the company's "massive" losses over the years.

The losses are being booked by the corporation through false expenses in relation to services delivered, according to the investigation. A few of these recipients have been identified, each of whom has had significant expenses accrued over time. According to reports, these entities were discovered to be non-existent at their addresses.

Xiaomi and OPPO both claim that they are working together.

Xiaomi and OPPO, two of the most popular smartphone makers, declared on Wednesday that they are working with authorities.

"As a responsible company, we attach great attention to ensuring that we are compliance with all Indian laws," a Xiaomi spokeswoman stated.

"As an invested partner in India, we are actively collaborating with authorities to ensure they have all of the necessary information," said a company spokeswoman.

"We highly respect and abide with the law of the land," OPPO added.

"We will continue to work completely with the relevant authorities in accordance with process," the business noted.

Comments

Post a Comment

Thank you for visiting my Page

Popular Posts