On Thursday, news of raid in Trucker’s office came. ndtv profit Report According to, the company says that they are fully cooperating with the Income Tax authorities. The company also noted that it conducts regular independent audits to ensure compliance with both Swedish and Indian laws. Truecaller says it has no active tax investigations in India apart from regular audits.
In a statement related to the incident, the company said (translated) “Truecaller is currently fully assisting the authorities at our offices. This is not an unusual practice and Truecaller will cooperate fully with the relevant authorities.”
The Stockholm-based company operates a smartphone application, which has features like caller ID, call blocking, flash messaging, call recording, chat. Truecaller currently has more than 40 crore active users in India.
Last Wednesday, the Swedish firm had announced the appointment of Rishit Jhunjhunwala, the company’s product chief and head of its Indian business, as chief executive officer. He will begin assuming the position on January 9 after co-founder Alan Mamedi steps down.
