tax liability

Vodafone was told about tax liability in Hutchison deal


May 2nd, 2012 - 6:52 pm ICT by IANS
New Delhi, May 2 (IANS) The Indian government Wednesday said Vodafone Plc was duly informed about its tax liability in the $11.2 billion acquisition of Hutchison's stake in Hutchison-Essar ... Read more...

Posted in Business |

P-notes holders will not be taxed: Mukherjee


March 30th, 2012 - 3:53 pm ICT by IANS
New Delhi, March 30 (IANS) Trying to soothe the nerves of overseas investors, Finance Minister Pranab Mukherjee Friday said holders of Participatory Notes (P-notes) derivatives through which foreign nationals ... Read more...

Posted in Business |

Karnataka for exempting cooperatives from direct tax code


March 6th, 2012 - 12:11 am ICT by IANS
Bangalore, March 5 (IANS) The Karnataka government Monday sought to exempt the cooperative sector from the proposed Direct Tax Code (DTC) purview as it offers credit to poor farmers."As ... Read more...

Posted in Business |

Everonn managing director, tax official held


August 30th, 2011 - 11:35 pm ICT by IANS
Chennai, Aug 30 (IANS) The Central Bureau of Investigation (CBI) Tuesday arrested P. Kishore, managing director of listed company Everonn Education Ltd and Additional Commissioner of Income Tax Andasu Ravindar ... Read more...

Posted in Business |

What tax will Reliance pay, apex court asks centre (Lead)


August 23rd, 2011 - 7:29 pm ICT by IANS
New Delhi, Aug 23 (IANS) The Supreme Court Tuesday asked the central government to specify whether Reliance Industries Limited (RIL) was liable to pay Central Sales Tax (CST) or ... Read more...

Posted in Business |

GMR posts Rs.67 crore quarterly net loss


August 10th, 2011 - 10:13 pm ICT by IANS
Mumbai, Aug 10 (IANS) GMR Infrastructure Wednesday posted a consolidated net loss of Rs.67 crore for the quarter ended June 30 owing to the lower revenues from the Delhi Airport, ... Read more...

Posted in Business |

I-T authorities can dissect any takeover deal: Apex court


August 4th, 2011 - 9:50 pm ICT by IANS
New Delhi, Aug 4 (IANS) The Supreme Court Thursday said income-tax (I-T) authorities can go behind a deal to ascertain whether it is a genuine and legal transaction or something ... Read more...

Posted in Business |

Nothing colourable in takeover, Vodafone tells apex court (Lead)


August 3rd, 2011 - 11:29 pm ICT by IANS
New Delhi, Aug 3 (IANS) The Supreme Court Wednesday was told that there was nothing colourable in telecom giant Vodafone's transaction with Hutchinson International Ltd. for acquiring its Indian arm ... Read more...

Posted in Business |

Nothing colourable in takeover, Vodafone tells apex court


August 3rd, 2011 - 10:22 pm ICT by IANS
New Delhi, July 3 (IANS) The Supreme Court Wednesday was told that there was nothing colourable in telecom giant Vodafone's transaction with Hutchinson International Ltd. for acquiring its Indian arm ... Read more...

Posted in Uncategorized |

High court rejects IT department’s plea against Nirma (Lead)


March 23rd, 2011 - 8:28 pm ICT by IANS
Gandhinagar, March 23 (IANS) The Gujarat High Court has rejected the Income Tax department's appeal against Nirma Chemicals Works Limited (NCWL) in a tax refund case.The department challenged the order ... Read more...

Posted in Business |

Take concrete steps against Hasan Ali: BJP


March 12th, 2011 - 6:35 pm ICT by IANS
Kolkata, March 12 (IANS) Bharatiya Janata Party (BJP) leader Arun Jaitley Saturday demanded that the central government take concrete steps against stud farm owner Hasan Ali Khan, accused of ... Read more...

Posted in Politics |

Mukherjee to present Budget 2011 with focus on infrastructure, tax liability


February 27th, 2011 - 5:57 pm ICT by ANI
New Delhi, Feb.27 (ANI): Finance Minister Pranab Mukherjee will present the Union Budget 2011-12 proposals in Parliament on Monday, and it is anticipated that its focus will be on infrastructure and ... Read more...

Posted in National |

Jharkhand asks coal firms to cough up taxes


November 21st, 2010 - 4:35 pm ICT by IANS
Ranchi, Nov 21 (IANS) The Jharkhand government has asked three subsidiaries of state-run Coal India Limited (CIL) to pay taxes for unauthorised mining on state land, an official said Sunday.Jharkhand Land and ... Read more...

Posted in Business |

Supreme Court asks Vodafone to deposit Rs.2,500 crore (Lead)


November 15th, 2010 - 11:13 pm ICT by IANS
New Delhi, Nov 15 (IANS) The Supreme Court Monday asked telecom major Vodafone to deposit, within three weeks, Rs.2,500 crore as a component of its tax liability on its transaction with Hutchinson ... Read more...

Posted in Business |

Vodafone confident of no tax liability in Essar buyout (Lead)


November 15th, 2010 - 6:54 pm ICT by IANS
New Delhi, Nov 15 (IANS) Telecom service provider Vodafone Monday said it is confident that there is no tax liability resulting from its acquisition of Hutchison Wampoa's majority stake in Hutch Essar ... Read more...

Posted in Business |

Supreme Court asks Vodafone to deposit Rs.2,500 crore


November 15th, 2010 - 2:03 pm ICT by IANS
New Delhi, Nov 15 (IANS) The Supreme Court Monday directed telecom major Vodafone to deposit Rs.2,500 crore ($550 million) as part of a tax liability in the takeover of Hutch Essar group's ... Read more...

Posted in Business |

Apex court adjourns Vodafone plea on income tax order (Lead)


October 25th, 2010 - 11:37 pm ICT by IANS
New Delhi, Oct 25 (IANS) The Supreme Court Monday adjourned till Nov 15 the hearing on a petition by telecom giant Vodafone challenging an Income Tax department demand for a payment of ... Read more...

Posted in Business |

Indian tax authorities ask Vodafone to pay over Rs.112 bn


October 22nd, 2010 - 8:19 pm ICT by IANS
New Delhi, Oct 22 (IANS) Indian tax authorities Friday asked global mobile firm Vodafone to pay over Rs.112 billion (around $2.53 billion) as tax in the 2007 purchase of Hutchinson Whampoa's mobile ... Read more...

Posted in Business |

Vodafone files petition against tax authorities move


October 15th, 2010 - 6:36 pm ICT by IANS
New Delhi, Oct 15 (IANS) Telecom service provider Vodafone Friday said it has filed a petition in the Bombay High Court against the Indian tax department's move to classify it as an ... Read more...

Posted in Business |

Vodafone vows to defend position on tax issue


September 27th, 2010 - 10:37 pm ICT by IANS
New Delhi Sep 27 (IANS) Britain-based telecom major Vodafone Monday said the company did not make any capital gains in the Hutchison buyout deal and it will take action to defend its ... Read more...

Posted in Business |

Vodafone plea in $2.6-bn Indian tax case dismissed (Lead)


September 27th, 2010 - 2:25 pm ICT by IANS
New Delhi, Sep 27 (IANS) India's Supreme Court Monday denied relief to Britain-based telecom major Vodafone on its petition contesting a lower court verdict on a $2.6-billion capital gains tax claimed by ... Read more...

Posted in Business |

Apex court rejects Vodafone plea in $2.6 bn tax case


September 27th, 2010 - 1:41 pm ICT by IANS
New Delhi, Sep 27 (IANS) The Supreme Court Monday dismissed Vodafone's petition contesting a lower court verdict on the tax liability of $2.6 billion towards capital gains claimed by the administration. The Supreme ... Read more...

Posted in Business |

Vodafone like deals under govt scanner for tax evasion


September 13th, 2010 - 8:15 pm ICT by IANS
New Delhi, Sep 13 (IANS) Buoyed by the Bombay High Court's recent favourable verdict on Vodafone's tax liability case, the government has started examining similar merger and acquisition deals for possible tax ... Read more...

Posted in Business |

Single window system for VAT refunds for Delhi exporters


August 12th, 2010 - 9:01 pm ICT by IANS
New Delhi, Aug 12 (IANS) Exporters in Delhi will no more have to rush from one department to another for refund of the value added tax (VAT). The Delhi government Thursday started ... Read more...

Posted in Business |

‘Don’t tag India with China in emission targets’


July 21st, 2010 - 12:10 am ICT by IANS
Chennai, July 20 (IANS) India should ensure it is not clubbed with China in carbon emission mitigation efforts as this will be costly for the country, a leading economist Tuesday warned. Also, ... Read more...

Posted in Environment |

ICAI paper on service tax on realty


April 22nd, 2010 - 9:41 pm ICT by IANS
Gandhinagar, April 22 (IANS) The Institute of Chartered Accountants of India (ICAI) has submitted to the finance ministry a concept paper proposing a simpler method of calcuting service tax on commercial ... Read more...

Posted in Business |

Tax Extension Form To Shirk Late Penalty


April 13th, 2010 - 7:34 pm ICT by GD
By Madhuri Dey Apr 13, (THAINDIAN NEWS) Apr 15 is the date in the United States for the final filing of the taxes incurred. It is necessary to bet one's tax forms filed ... Read more...

Posted in Business |

Satyam asks US court to enforce Upaid settlement


February 23rd, 2010 - 7:21 pm ICT by IANS
Mumbai, Feb 23 (IANS) Satyam Computer Services has asked a county court in New York, US, to ensure that its $70 million settlement with the London-based online and mobile ... Read more...

Posted in Business |

Realty firm HDIL to pay tax on extra income


September 14th, 2009 - 3:40 pm ICT by IANS
Mumbai, Sep 14 (IANS) Realty firm Housing Development and Infrastructure Ltd (HDIL) Monday denied having evaded taxes but said it would pay tax on additional income of Rs.350 crore following raids by ... Read more...

Posted in Business |

Chicago Sun-Times files for bankruptcy


April 1st, 2009 - 12:52 am ICT by IANS
New York, March 31 (DPA) The Sun-Times Media Group Inc, owner of the Chicago Sun Times and more than 50 other US newspapers, filed for bankruptcy protection Tuesday as it became the ... Read more...

Posted in Business |

Uttar Pradesh diesel dealers withdraw sale-suspension threat


November 10th, 2008 - 3:12 pm ICT by IANS
Lucknow, Nov 10 (IANS) Diesel dealers in the state have withdrawn their decision to stop business from Monday following a government order that the entry tax, imposed recently on the fuel, will ... Read more...

Posted in Business |

Sahara says it won’t pay service tax on Jetlite


June 19th, 2008 - 7:33 pm ICT by IANS
Mumbai, June 19 (IANS) The Sahara Group has said that it is not liable to pay a service charge of $25 million (Rs.1 billion) on Jetlite, formerly Air Sahara. The company made ... Read more...

Posted in Business |

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