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Govt earns huge tax from big corporate deals

As corporate India unlocks value through mega deals, the Union government is smiling all the way to the bank.The government is likely to earn Rs 7,000 crore (Rs 70 billion) tax in the current......

More cases of tax evasion in cross border deals

The government said it has identified a few more cross-border merger and acquisition cases, including Barclays-Intelnet deal, for possible tax evasion after slapping Rs 11,000-crore (Rs 110......

Tax notice: Aditya Birla group moves high court

The Aditya Birla group -- which controls cellphone major Idea Cellular -- has moved the Bombay high court against the Income-Tax department's notice regarding capital gains tax on a share purchase......

Tata Industries gets I-T demand on round-tripping

The income tax department has sent a notice to Tata Industries, raising a demand of Rs 298 crore (Rs 2.98 billion)on capital gains on the sale of shares in Idea Cellular, held through a......

How these tech cos made it big

Not too long ago, it looked as if Finnish handset maker Nokia Corp had hit a wall with the saturation of its core European market. What pessimists did not notice, though, was how the Finns were......

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