Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: form 3cd :: list of goods taxed at 4% :: TDS :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT Audit :: empanelment :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ACCOUNTING STANDARD
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

India asked Vodafone unit to pay 112.2 billion tax
October, 25th 2010

India has asked a Vodafone Group Plc unit to pay 112.2 billion rupees ($2.5 billion) related to its purchase of Hutchison Whampoa Ltd.s mobile phone unit in the South Asian nation.

Vodafone International Holdings BV has 30 days to comply with the tax demand, according to a statement from the countrys Central Board of Direct Taxes today. Vodafone said it strongly disagrees with the tax calculation, and the matter will be reviewed by Indias Supreme Court Oct. 25, according to a company statement.

The Indian tax departments order is unfounded and the company will continue to take whatever actions are necessary to defend itself in this matter, it said in the statement.

The case relates to Vodafones $11 billion acquisition of a 67 percent stake in Hutchisons Indian mobile-phone unit in 2007. Indias finance ministry estimates Vodafones tax liability on the purchase at more than 120 billion rupees, S.S.N. Moorthy, chairman of the Central Board of Direct Taxes, said Sept. 27.

The company may be ordered to pay a part of the total liability pending a final judgment on the case, the Supreme Court said Sept. 27.

Vodafone Group has said it doesnt owe the Indian government taxes because the transaction was conducted offshore, with its Dutch unit acquiring a Cayman Islands holding company controlled by Hong Kong-based Hutchison.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions