Truecaller faces $90.85 million tax demand in India, plans legal challenge

• Truecaller faces a potential $90 million tax demand from India over its business dealings between 2018-19 and 2023-24.
On October 19, Truecaller called the tax demand baseless and said it would fight the case in Indian courts.
Indian tax officials flagged how Truecaller split revenue between its Swedish parent company and Indian business.
Truecaller expects a $35 million tax refund from Sweden, which could bring its net tax exposure down to $55 million.

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