Speak Asia under Income Tax Scrutiny

May 21st, 2011  |  Published in General Awareness  |  1 Comment

If you thought that the storm for Speak Asia has settled then it was just a mere imagination. Although Speak Asia online authorities continues to deny any rumors(negative publicity through media) regarding their business base in India, but Authorities in India seems to have woken up badly. Every step from SAOL seemed to be watched with their great vigilance.

As per the latest news published in Hindustan Times Classified (HT Business), Income Tax Department has begun a probe against the alleged ‘Ponzi Scheme’ of Speak Asia. The department is likely to send a request to the Singapore government to sought information regarding the Company and its financial transactions. India has signed a double taxation avoidance agreement (DTAA) with Singapore, which will help in procuring information.

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