Showing posts with label indian. Show all posts
Showing posts with label indian. Show all posts

Vodafone ordered to pay the deposit 344 m £ to tax Indian

The server was unable to process the request due to an internal error. For more information about the error, either turn on IncludeExceptionDetailInFaults (either from ServiceBehaviorAttribute gold from the behavior configuration) on the server in order to send the exception information back to the client, or turn on tracing as per the Microsoft .NET Framework 3.0 SDK documentation and inspecter the server trace logs.  India's tax authorities are demanding Vodafone pay 112 18bn rupees in back taxes on its 2007 purchase of a 67pc stake in local operator Hutchison Essar.

India's Supreme Court ordered Vodafone to deposit the cash within three weeks and submit bank guarantees for a further 85bn rupees in eight weeks.Vodafone said the deposit would be returned with interest if it wins the hearing, which is scheduled to start on February 24.


India's tax authorities are demanding Vodafone pay 112 18bn rupees in back taxes on its 2007 purchase of a 67pc stake in local operator Hutchison Essar. Vodafone said it remained "confident" that there is "no tax liability" is the transaction because it took place in the Cayman Islands via a Vodafone's Dutch subsidiary.


It has emerged that the Dutch government is petitioning India on behalf of the mobile group's Dutch business, Vodafone International Holdings.A Vodafone spokesman said: "The Dutch government has been in discussion with Vodafone and we believe it has initiated a formal process under the tax treaty between both the Dutch and Indian governments."


Vittorio Coalo, Vodafone's chief executive, has warned that if it takes an "net" approach to the taxation, global investors might reconsider India future investment into the country.


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Vodafone ordered to pay £ 1. 6bn Indian tax bill within 30 days

The tax authorities of the country demanded payment, which relates to the purchase of $ Vodafone a monitoring stake in local operator Hutchinson Essar, before calling Vodafone against tax bill to the Supreme Court of the India 11 billion Monday.

Vodafone said it "is highly certified" with the requirements of the India and said he would "continue to take all steps are necessary to defend itself."

"Tax administration tries to interpret the Indian law never been interpreted over the past 50 years and this interpretation is also contrary to standards internationally recognized tax"Vodafone added.""

World's largest mobile company maintains that purchase 2007 Hutchinson Essar 67pc set should not be subject to fiscal rules Indian because it took place in the Cayman Islands via a string of portfolio companies.

Long-term tax dispute is closely watched by a multinational chain, because he could set a precedent for other cross-border acquisitions in India.

Earlier this week, Vittorio Colao, Chief Executive of Vodafone, warned the India if he took a "unfriendly" approach to global investors tax may reconsider the future investments in the country.

"This is a concern for our investors and other international investors", he said Economic Times the India. ""We need more certainty that regulation will not come back and bite us to confirm our investments."


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Any guide for indian stock market for dummies/ complete beginners/ who needs to learn ABC of stock market?

I do not know anything about stock market.I need to learn from scratch as in HOW, when, what, WHY, where. What do the terms used in the this market mean. As in the indices, Points, The percentage shown in news channels. I am just 24 years old so you can imagine. Helpful Links will be appriciated or some pdfs will be appriciated too. thanks in advance.

yes plz contact gautam_d07@gmail.com

Any guide for indian stock market for dummies/ complete beginners/ who needs to learn ABC of stock market?


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