Tax Demand
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Samsung India Executives Seek to Quash $81 Million Penalty Over Tax Evasion
Seven Samsung India executives have asked a court to revoke penalties of $81 million (roughly Rs. 692 crore) from a $601 million (roughly Rs. 5,135 crore) tax demand in India. Samsung's India unit faced a $520 million (Rs. 4,443 crore) tax demand, while employees were fined $81 million (Rs. 692 crore) for their alleged part in misclassifying impo...
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Central Funds, Water: Non-BJP Chief Ministers' Demands At Meet Led By PM
The Niti Aayog meeting on Saturday, in which the Prime Minister urged all states to work together towards the goal of a developed India, also saw some opposition chief ministers raise issues affecting their states, with their main grievances boiling
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IndiGo Posts Highest Q4 Profit Of Rs 3,068 Crore On Strong Air Travel Demand
InterGlobe Aviation, the parent of the country's largest airline, IndiGo, on Wednesday posted its highest ever fourth-quarter profit after tax of Rs 3,067.5 crore, mainly helped by strong air travel demand.
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Watch: Dog Demands Banana "Tax" From Fruit Vendor, Internet Can't Get Enough
Fruit Vendor and Dog Viral Video: The viral clip features a golden retriever who has become a regular 'patron' of a local fruit vendor.
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Samsung Fights $520 Million India Tax Demand, Points to Reliance Practice
Samsung has asked the Customs Excise and Service Tax Appellate Tribunal in Mumbai to quash a $520 million (roughly Rs. 4,381 crore) tax demand for allegedly misclassifying imports of networking gear. The South Korean giant has said that Mukesh Ambani-led Reliance also imported the same component in a similar manner for years.
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Samsung Questions India's $520 Million Tax Order, Points Finger At Reliance
Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India's Reliance imported the same component in a similar manner.
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Yes Bank Gets Income Tax Notice Of Rs 244 Crore
Yes Bank on Wednesday said it has received a demand notice of Rs 244.20 crore for assessment year 2016-17.
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Trump Escalates Harvard Row, Threatens To Tax It As A "Political Entity"
Trump said Harvard"should lose its Tax Exempt Status and be Taxed as a Political Entity" if the elite college does not agree to his demands for the college to change how it runs itself.
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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
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"Skoda Volkswagen Can't Play Victim": Customs To High Court On Tax Demand
Skoda Auto Volkswagen India will have to fall in line and not play "victim", the Customs department told the Bombay High Court on Thursday.
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Finance Minister Nirmala Sitharaman Creates History With Eight Consecutive Budget
Finance Minister Nirmala Sitharaman presented a record eighth consecutive union budget, which comes in the backdrop of a slowdown in the economy and demand for tax cuts for the middle class.
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Opinion | This Is How Much Tax India's Middle Class Really Pays
The middle class has long been treated as a cash cow by successive governments, and there is a growing demand for fair treatment.
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Zomato Gets Rs 803 Crore GST Demand On Delivery Charges, Says Will Appeal
Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty.
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EU-China EV Tariff Dispute: Beijing Requests Automakers To Stop Expanding in Europe
China is putting demand on its automakers to halt expansion in the European union (EU) due to the increasing conflicts over Electric Vehicles (EV). A hold on active searches is demanded by China. This tension rose when customs taxes levied by the European Union increased significantly
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Home Ministry Probing Netflix for Alleged Visa Violations, Racial Discrimination
India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...
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Samsung India Executives Seek to Quash $81 Million Penalty Over Tax Evasion
Seven Samsung India executives have asked a court to revoke penalties of $81 million (roughly Rs. 692 crore) from a $601 million (roughly Rs. 5,135 crore) tax demand in India. Samsung's India unit faced a $520 million (Rs. 4,443 crore) tax demand, while employees were fined $81 million (Rs. 692 crore) for their alleged part in misclassifying impo...
-
Central Funds, Water: Non-BJP Chief Ministers' Demands At Meet Led By PM
The Niti Aayog meeting on Saturday, in which the Prime Minister urged all states to work together towards the goal of a developed India, also saw some opposition chief ministers raise issues affecting their states, with their main grievances boiling
-
IndiGo Posts Highest Q4 Profit Of Rs 3,068 Crore On Strong Air Travel Demand
InterGlobe Aviation, the parent of the country's largest airline, IndiGo, on Wednesday posted its highest ever fourth-quarter profit after tax of Rs 3,067.5 crore, mainly helped by strong air travel demand.
-
Watch: Dog Demands Banana "Tax" From Fruit Vendor, Internet Can't Get Enough
Fruit Vendor and Dog Viral Video: The viral clip features a golden retriever who has become a regular 'patron' of a local fruit vendor.
-
Samsung Fights $520 Million India Tax Demand, Points to Reliance Practice
Samsung has asked the Customs Excise and Service Tax Appellate Tribunal in Mumbai to quash a $520 million (roughly Rs. 4,381 crore) tax demand for allegedly misclassifying imports of networking gear. The South Korean giant has said that Mukesh Ambani-led Reliance also imported the same component in a similar manner for years.
-
Samsung Questions India's $520 Million Tax Order, Points Finger At Reliance
Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India's Reliance imported the same component in a similar manner.
-
Yes Bank Gets Income Tax Notice Of Rs 244 Crore
Yes Bank on Wednesday said it has received a demand notice of Rs 244.20 crore for assessment year 2016-17.
-
Trump Escalates Harvard Row, Threatens To Tax It As A "Political Entity"
Trump said Harvard"should lose its Tax Exempt Status and be Taxed as a Political Entity" if the elite college does not agree to his demands for the college to change how it runs itself.
-
Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
-
"Skoda Volkswagen Can't Play Victim": Customs To High Court On Tax Demand
Skoda Auto Volkswagen India will have to fall in line and not play "victim", the Customs department told the Bombay High Court on Thursday.
-
Finance Minister Nirmala Sitharaman Creates History With Eight Consecutive Budget
Finance Minister Nirmala Sitharaman presented a record eighth consecutive union budget, which comes in the backdrop of a slowdown in the economy and demand for tax cuts for the middle class.
-
Opinion | This Is How Much Tax India's Middle Class Really Pays
The middle class has long been treated as a cash cow by successive governments, and there is a growing demand for fair treatment.
-
Zomato Gets Rs 803 Crore GST Demand On Delivery Charges, Says Will Appeal
Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty.
-
EU-China EV Tariff Dispute: Beijing Requests Automakers To Stop Expanding in Europe
China is putting demand on its automakers to halt expansion in the European union (EU) due to the increasing conflicts over Electric Vehicles (EV). A hold on active searches is demanded by China. This tension rose when customs taxes levied by the European Union increased significantly
-
Home Ministry Probing Netflix for Alleged Visa Violations, Racial Discrimination
India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...
