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Govt can't waive tax on Vodafone, Cairn: Adhia

UK oil explorer Cairn Energy is facing a tax demand of Rs 10,247 crore and Vodafone over $11 billion of 67% stake acquisition

Press Trust of India  |  New Delhi 

The government cannot waive the multi-billion-dollar tax liabilities that Vodafone and Cairn Energy face, although it has done the most it could in offering to remove the interest and penalty if the principal is paid, Revenue Secretary Hasmukh Adhia said. In an interview to PTI, Adhia said the government had earlier indicated the companies facing taxes owing to enactment of a law that retrospectively taxed their business, to waive interest and penalty up on payment of the principal amount as a means to settle the tax dispute out-of-court. Read our full coverage on Union Budget ...

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Govt can't waive tax on Vodafone, Cairn: Adhia

UK oil explorer Cairn Energy is facing a tax demand of Rs 10,247 crore and Vodafone over $11 billion of 67% stake acquisition

UK oil explorer Cairn Energy is facing a tax demand of Rs 10,247 crore and Vodafone over $11 billion of 67% stake acquisition The government cannot waive the multi-billion-dollar tax liabilities that Vodafone and Cairn Energy face, although it has done the most it could in offering to remove the interest and penalty if the principal is paid, Revenue Secretary Hasmukh Adhia said. In an interview to PTI, Adhia said the government had earlier indicated the companies facing taxes owing to enactment of a law that retrospectively taxed their business, to waive interest and penalty up on payment of the principal amount as a means to settle the tax dispute out-of-court. Read our full coverage on Union Budget ... image
Business Standard
177 22

Govt can't waive tax on Vodafone, Cairn: Adhia

UK oil explorer Cairn Energy is facing a tax demand of Rs 10,247 crore and Vodafone over $11 billion of 67% stake acquisition

The government cannot waive the multi-billion-dollar tax liabilities that Vodafone and Cairn Energy face, although it has done the most it could in offering to remove the interest and penalty if the principal is paid, Revenue Secretary Hasmukh Adhia said. In an interview to PTI, Adhia said the government had earlier indicated the companies facing taxes owing to enactment of a law that retrospectively taxed their business, to waive interest and penalty up on payment of the principal amount as a means to settle the tax dispute out-of-court. Read our full coverage on Union Budget ...

image
Business Standard
177 22

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