I-T dept to issue Rs 12K cr tax notice to Vodafone

Last updated: 28 September 2010

I-T dept to issue Rs 12K cr tax notice to Vodafone The I-T department has said it will raise a tax demand of over Rs 12,000 crore to Vodafone over its USD 11-billion deal with Hutch following a Supreme Court directive to decide the amount to be paid by the UK-based company within four weeks. The income tax department (I-T) also asserted that its action will not hurt the flow of foreign investments into the country. We will be raising tax demand on Vodafone within
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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