Consequences of failure to deduct or pay

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..... Consequences of failure to deduct or pay
News and Press Release
Dated:- 22-10-2010

Press Release No. 402/92/2006-MC (45 of 2010) Dated 22-10-2010 The Income Tax department today issued .....

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..... an order raising a tax demand of Rs.11,217.95 crore on Vodafone International Holdings BV treating it as an assessee in default under section 201(1) of the Income Tax Act, 1961 (the Act) for failure .....

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..... to deduct tax as required under section 195 of the Act before making a payment of US $ 11,076 million to Hutchinson Telecommunications International Limited. The tax demand is to be paid within 30 day .....

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..... s of the receipt of the notice of demand. The tax demand has been raised in pursuance to the direction of Hon'ble Supreme Court of India dated 27th September 2010 to the Income Tax Assessing Officer .....

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..... to determine and quantify the tax liability of Vodafone within four weeks.
News - Press release - PIB .....

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