The Income Tax Department has issued a fresh demand notice for Rs. 3,700 crores on Vodafone, the British Telco. And as usual, the latter has denied that it has any tax due and to be paid.
Earlier, the Vodafone was issued with a notice for Rs.20,000 crore which is also contested and not paid.
Tax notices are regularly sent, but the MNCs are capable of manipulating the government machinery and avoiding paying tax or at least getting it reduced or delayed for years together and compromised later.
The MNCs based in UK, US etc. still feels that Indian government can be made compromising with regard to their issues utilising their governments. It has happened many time earlier. This unethical situation has got to be put an end to.
Vodafone issued with tax demand of Rs. 3,700 crores
19 Thursday Dec 2013
Posted in Telecom