I-T Dept says it will send tax demand I-T Dept says it will send tax demand Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Top Headlines »

Open DEMAT Account in 24 hrs
Tax planning for 2025: How to maximise your savings before March 31 deadline
New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha
5 major changes in the last 6 months every taxpayer should know!
Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch
Top 10 income tax changes from 2024 to look out for while filing ITR in 2025


« I-T Dept to open Aayakar Sewa Kendras in nine more cities...	Swiss banks offer to tax clients, India wants revised treaty... »
I-T Dept says it will send tax demand

June, 01st 2010
The Income Tax (I-T) Department is set to send tax notice to Vodafone over for its stake acquisition of Hutchs stake in Indian operations. "We have jurisdiction over taxing Vodafone. Jurisdiction order has been issued ...we will send the tax demand to them within a few days," Central Board of Direct Taxes (CBDT) Chairman S S N Moorthy told PTI. The tax liability for Vodafone for the mentioned deal is estimated to be worth $ 2 billion. The High Court as well as Supreme Court have ruled in favour of I-T Dept for the deal. The Income Tax (I-T) Department is set to send tax notice to Vodafone over for its stake acquisition of Hutchs stake in Indian operations. "We have jurisdiction over taxing Vodafone. Jurisdiction order has been issued ...we will send the tax demand to them within a few days," Central Board of Direct Taxes (CBDT) Chairman S S N Moorthy told PTI. The tax liability for Vodafone for the mentioned deal is estimated to be worth $ 2 billion. The High Court as well as Supreme Court have ruled in favour of I-T Dept for the deal.