Demand News
Vodafone tax demand may exceed Rs 20,000 cr
After the enactment of retrospective amendments to the Income Tax Act next month, the government may ask Vodafone to pay in excess of Rs 20,000 crore — more than two and half times the tax amount the telecom major was “advised to withhold” on its $11-billion deal with Hutchison in 2007.
The retrospective amendments and a validation clause, legalising the tax demand despite the Supreme
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