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: cpt :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: TDS :: VAT Audit :: ACCOUNTING STANDARD :: empanelment :: due date for vat payment :: form 3cd :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT
« News Headlines »
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18

Vodafone case: CBDT to file caveat
December, 05th 2008
The Bombay High Court verdict upholding the $2-billion (Rs. 10,000 crore) tax notice on global telecom major Vodafone has strengthened the hands of the Income-tax Department to scrutinise the sale of assets in India to a foreign buyer, Central Board of Direct Taxes (CBDT) Chairman N. B. Singh said here on Thursday. [The] Bombay High Court has upheld our jurisdiction to look into the case. Total tax liability is estimated to be around $2 billion, Mr. Singh told newspersons. Noting that the CBDT would also file a caveat in the Supreme Court as Vodafone proposed to approach the apex court against the High Courts decision, the CBDT chief said: The decision of the court in this case has strengthened the hands of the Income-tax Department in its attempt to bring to tax in India transactions involving transfer of assets situated in India between entities located outside the country. In a $11.2-billion deal, Netherland-based Vodafone Holdings International had picked up Hutchisons stake in Hutchison-Essar in 2006 to form a new entity Vodafone-Essar Ltd. Subsequently, the IT authorities issued a notice to Vodafone-Essar last year for capital gains tax amounting to $2 billion. On the question of achieving the direct tax collection target this fiscal even in the wake of the slowdown in growth, the CBDT Chairman said: We are confident of achieving the 2008-09 target of Rs. 3,95,000 crore. He noted that although the revised tax collection target was not an easy one, especially in view of the slowdown, but the Government was not far behind from achieving it. The mop-up through direct taxes during the first seven months (April-October) of the current fiscal was Rs. 1,66,905 crore, up 29.52 per cent as compared to the same period last fiscal. While corporate tax collections rose by 33.49 per cent to Rs. 1,05,174 crore, the revenue from personal income tax also went up by 23.14 per cent to Rs. 61,433 crore during the period. Realisations from TDS (tax deducted at source rose by 35.78 per cent and self- assessment tax by 52.76 per cent during the seven-month period.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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