Tax Demand

Stung by market fall, govt sets up panel to speed up resolution of FIIs' tax issue

Some foreign funds have appealed against the ruling in the Supreme Court

Cairn India moves Delhi HC over $3.3 billion tax demand from authorities

Cairn India Ltd, India's largest private-sector oil producer, said on Monday it had moved the Delhi High Court against a $3.3 billion tax demand from Indian authorities related to its listing in 2007.

Tax terrorism strikes again: 100 foreign funds to get demand for $10 bn retro tax

This is the first time since 1993, when FIIs were allowed to invest in the Indian markets, that such investors have been asked to pay MAT

Taxmen slap Rs 20,495 cr notice on Cairn India

The Income Tax Department has slapped a Rs 20,495 crore tax demand on Cairn India for failing to deduct withholding tax on alleged capital gains made by its erstwhile promoter, Cairn Energy.

Vodafone gets breather from ITAT in tax dispute

The ITAT agreed to a compromise solution offered by Vodafone, wherein the company would pay Rs 200 crore of the demanded Rs 3,700 and offer corporate guarantees for the balance.

Taxmen reject Nokia's offer to settle tax case for Rs 2,250 cr

The bench listed the matter for December 9 when Nokia has to give details of its assets and liabilities as well as how much tax it has paid here.<br /><br />

Taxmen chase Nokia again; this time with Rs 1,000 cr demand notice

In more trouble for Finnish mobile firm Nokia, whose immovable assets were attached in an alleged tax evasion case recently, the Income Tax department is set to issue fresh demand notices for payment of taxes to the tune of Rs 1,000 crore.<br /><br />

After Infosys, now Wipro slapped with Rs 816 cr tax demand notice

When contacted, Wipro in a statement said: "No demand has been received and the assessment process is in progress."

After Infy, iGate faces 'unsettled' tax demand of Rs 738 cr

iGate, which was in news for sacking of its chief executive Phaneesh Murty over non-disclosure of his alleged affair with a subordinate, said these demands are not tenable and the NASDAQ-listed firm has approached the requisite appellate authorities.

Nirmal Baba slapped with Rs 3.5-cr service tax evasion charge

'Daswand'— or the receiving of donations of one-tenth of a devotee's earning — has landed self-styled spiritual guru 'Nirmal Baba' in trouble with a notice having been slapped on him for alleged Service Tax evasion of Rs 3.5 crore.