« Top Headlines » Open DEMAT Account in 24 hrs  No more tax filing hassles with digital Form 16 Know how it works «  Why not SEZs in the Chambal ravines?... Accountants may be allowed to advertise... » Fosters faces major transfer pricing tax bill May, 23rd 2008 In a major blow to Fosters, the Australian beer company, an Indian rulings body has declared that the business must pay tax on the transfer of its Indian assets to the UK-owned SAB Miller. SAB Miller bought the rights to Fosters India for $120 million in 2006. Both the tangible and intangible assets of the Australian beer companys activities in India were acquired by the purchaser.