« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  I-T to tighten TDS norms for non-salaried... `Steel scrap eligible for ST deferral concession'... » Bharti Airtel served notice to pay Rs 24.2-cr VAT October, 11th 2006 The Department of Commercial Tax had issued a notice to Bharti Airtel demanding payment of Rs 24.18 crore by way of value added tax with penalty for 2005-06 saying broadband providers are liable to comply with the obligation. The notice was served in August. However, the telecom company had approached the Karnataka High Court seeking to quash the demand notice. But it did not get a stay. When contacted, the Deputy Commissioner of Commercial Taxes, Mr A.K. Chitaguppi, confirmed the serving of the notice and said a final picture would emerge only after the court gives its verdict. He said that he was not aware of similar demand notice being served on other telecom companies such as Reliance, BSNL, VSNL and Sify. According to Government sources, tax liability estimated at Rs 1,200 crore was due from the broadband providers, both in public and private sector. Taxable turnover They said supply of light energy, on which broadband lines operate, fell under the category of `goods' and its sale constituted taxable turnover attracting VAT at the rate of 12.5 per cent. Hence, the authorities slapped a notice to Bharti Airtel to pay the said amount, the tax authorities contended.