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Vodafone gets Rs 3700 crore tax bill from income tax department

In a fresh setback for British telecom giant Vodafone which is embroiled in talks with the government to settle a Rs 20,000 cr tax spat over the 2007 Vodafone-Hutchison deal, the income tax department has issued a demand notice of Rs 3700 cr against the MNC’s Indian arm on Wednesday, two people familiar with the development told ET NOW. “A final assessment order and a notice of demand seeking... 

Unified License should be bought by the telcos to continue their services

Extension of permits means Unified License to be obtained by the telecom operators to continue their services & also to buy new spectrum in their respective circles. Kapil Sibal the telco minister commented when the operators like Vodafone, Airtel & Loop attempt to extend their licenses in certain circles ‚ÄĚToday the regime has changed licences and spectrum are two separate things. Previously,...