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Cairn Energy plc says fully tax compliant

Last Updated: Friday, January 31, 2014, 14:02

Facing a potential tax demand on an alleged Rs 24,500 crore of capital gains it made on transferring India assets to a new company, Scottish explorer Cairn Energy plc Friday said it was fully compliant with the tax legislation in force when it operated in the country.

New PAN card to cost Rs 105

Last Updated: Tuesday, January 28, 2014, 15:14

New PAN cards issued by the Income Tax department will cost Rs 105, including taxes.

'Cairn UK did not pay tax on Rs 24,503.50 cr of capital gains'

Last Updated: Tuesday, January 28, 2014, 01:56

This payment that the UK firm received was against its entire investment of Rs 2,178.36 crore (251.22 million pounds) in the India business.

PAN allotment only after checking original documents: I-T dept

Last Updated: Friday, January 24, 2014, 18:47

Applicants for Permanent Account Numbers (PAN) will have to produce original documents of proof of identity, address and date of birth for verification at the time of applying.

I-T Dept restrains Cairn Energy from selling India stake

Last Updated: Friday, January 24, 2014, 15:29

The Income Tax Department, which is probing Cairn Energy plc's transfer of India assets, has asked the UK-based company not to dispose of its 10.3 percent holding in Cairn India.

Vodafone tax row: High Court puts off hearing to Jan 30

Last Updated: Wednesday, January 22, 2014, 14:54

The Bombay High Court has fixed January 30 for further hearing on a petition filed by Income Tax department challenging a recent order of the Appellate Tribunal which stayed the tax demand of Rs 3,700 crore on Vodafone India Services in an alleged transfer pricing case.

Indirect tax collections up 6.2% in Apr-Dec

Last Updated: Sunday, January 19, 2014, 10:58

Amid slowing economy, indirect tax collections grew by 6.2 percent in the April-December period of this fiscal.

Nokia tax case: HC defers hearing on plea of Income Tax dept

Last Updated: Friday, January 17, 2014, 19:20

The Delhi High Court on Friday deferred the hearing to January 20 on the pleas of Income Tax department seeking "directions/clarifications" on the December 12 order by which the assets of mobile phone handset maker Nokia in India were defreezed.

Radia tapes: CBI finds no criminality 'so far'

Last Updated: Tuesday, December 24, 2013, 20:46

CBI has informed Supreme Court that it has "so far" not found any criminality in the 14 preliminary enquiries registered on the basis of intercepted conversations of corporate lobbyist Niira Radia.

Kingfisher Airlines assets attached on tax default

Last Updated: Sunday, December 15, 2013, 18:32

The Income Tax department has attached all assets of cash-strapped Kingfisher Airlines for failing to remit taxes amounting to Rs 350 crore, a senior official said Sunday.

IT Dept asserts first claim to recover dues from Kingfisher

Last Updated: Saturday, December 14, 2013, 13:55

Asserting its primary claim, the Income Tax Department has maintained that dues to it will have to be settled first by Vijay Mallya-led Kingfisher Airlines, in the wake of a lender consortium of banks laying claim to "Kingfisher House" in Mumbai to recover part of their loans.

Court accepts Nokia's plea to lift factory freeze in tax dispute

Last Updated: Thursday, December 12, 2013, 14:57

The Delhi High Court on Thursday accepted Nokia's plea for a direction to Income Tax department for lifting of the stay on transfer of assets in view of its USD 7.2 billion global deal with Microsoft.