News Articles

Sunday, November 1, 2009

Vodafone’s Indian tax battle continues

Back in 2007, Vodafone took control of the Hutchison Essar network in India. Vodafone said it didn’t need to pay capital gains tax on behalf of Hutchison because the transaction didn't involve any Indian businesses – but the Indian government’s income tax (I-T) department saw things differently. After an appeal to the Indian courts that was eventually referred back to the I-T department, the tax authorities have given Vodafone until 16th November to explain why it shouldn’t be treated as a tax defaulter. Vodafone says it’ll be reviewing the document in detail and plans to respond in due course. [Sources: WSJ.com; indiatimes.com]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: NewsNumber of views: 1334

Tags:

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«April 2024»
MonTueWedThuFriSatSun
25262728293031
1234567
891011121314
15161718192021
22232425262728
293012345

Archive

Terms Of Use | Privacy Statement