Vodafone further said it has "always been confident" that no tax is due on the company. The government in August enacted a law to end all retrospective taxation imposed on indirect transfer of Indian assets. The rules under the law seek to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets and also refund the amount paid in these cases without any interest. Asked if the company has filed an application with the Indian government to settle the retrospective tax dispute, a Vodafone spokesperson said, "We can confirm we have filed an application".
Chest hair, ill-fitted blouses and spandex? Just who were we kidding?
Mahindra is coming up with the Thar Roxx. MG Motor India announced a third electric vehicle Windsor. Hyundai and Kia are expected to introduce updated versions of the Alcazar and Carnival respectively.
Despite the mediocrity at large, these films had me in raptures for the emotions they evoked within as a cheering audience, critic and cinephile.
Varun Tej's committed performance somehow rescues Matka from being a pointless venture with stylish flourishes and interesting ideas, observes Arjun Menon.
Among the many performances at the IIFA awards, Rekha's was certainly among the highlights.
The supermodel wowed in an off-shoulder silver creation.
Deepika Padukone is the cover girl of Filmfare magazine's Middle East edition this month!
Sukanya Verma remembers some of his greatest solo numbers in our fondly curated playlist.
'It's rare to find a designer of his stature who remains so humble, kind and encouraging to everyone around him.'
Available at Rs 2.14 lakh in Mumbai, Continental GT looks like a million bucks thanks to its retro design
Regaling fans since decades with her brand of charm and charisma, Bollywood's eternal diva has channelled lot of these attributes in her chartbuster songs.
Sunday was a Day of Suits in Mumbai at the GQ-Arrow do
The seaside city of Barcelona is often referred to as the Mecca of skateboarding in Europe, and the trend is particularly notable on the waveramps and bowls of the Marbella skatepark, where skate camps like Damien Chiche's sell out every summer.
The 1972 Munich Olympics are still remembered as one of the darkest days in sporting history. Palestinian terrorists, representing the militant group "Black September," killed 11 members of Israel's Olympic team after taking them hostage.
Andaz Apna Apna is practically the most quoted film since Sholay, observes Sukanya Verma, as she celebrates 30 years of this cult classic movie.
These old fashion trends are back in style. Here's how to wear them.
'This maha-parivarik is because of Mallika Sherawat.'
The government on Friday said it is examining recommendations of the Parthasarathi Shome panel on controversial retrospective tax laws introduced in the last Budget.
Headed to the sandy beaches of Goa? Time to get out of your sartorial rut and let these celebs inspire you.
At a price of Rs 1.69 lakh the Bullet 500 is a very appealing cruiser. With retro style and modern mechanicals, the Bullet 500 is here to thump your heart.
Two of Triumph's most iconic motorcycles, the Thruxton and the Bonneville T100, represent a blend of style and practicality. Arup Das takes them for a spin in the national capital
A model and actor, she was last seen in romantic psychological thriller Aneethi.
'My trajectory right now is five steps forward, two steps backwards.'
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
Mumbai's retro era has always found favour with Bollywood !
She's the sunshine, sprinkles and all things nice.
This is the first time the sisters are gracing a mag cover together.
The bill to nullify retrospective taxation offers a fair solution within the framework of Indian law and Parliamentary sovereignty to companies which have been subjected to such demands, Finance Secretary T V Somanathan said on Thursday. Finance Minister Nirmala Sitharaman introduced 'The Taxation Laws (Amendment) Bill, 2021' in the Lok Sabha that seeks to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets. The Bill provides for the withdrawal of tax demand made on "indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 (i.e. the day the retrospective tax legislation came into being)."
Remember the hours you spent as a kid playing Road Rash and Crazy Taxi? Well, they're back!
The actor has been offering a fresh take on the traditional drape. Silloo Sam Bahadur
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Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield, the government has accepted Cairn Energy PLC's undertakings which would allow for the refund of taxes, sources said. Meeting the requirements of the new legislation that scraps levy of retrospective taxation, the company had earlier this month given required undertakings indemnifying the Indian government against future claims as well as agreeing to drop any legal proceedings anywhere in the world. The government has now accepted this and issued Cairn a so-called Form-II, committing to refund the tax collected to enforce the retrospective tax demand, two sources with direct knowledge of the development said.
New Zealand Cricket dropped the latest threads their team will don at the ICC Cricket World Cup 2023 in India, starting October 5.
These Bollywood gems truly deserve two thumbs up!
The mesh around the sides gives the shoe an airy feel, which essentially means that the shoe breathes well despite its heavy-knit exterior, says Dhruv Munjal.
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