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Vodafone gets Income Tax reminder

| | Feb 17, 2016, at 03:37 am
#Vodafone India # Vodafone tax # Vodafone IT department
New Delhi, Feb 16 (IBNS) Telecom giant Vodafone has been given a reminder by India's I-T Department over its Rs 14,200-crore tax demand, media reports said.

The department has said the country might seize the Vodafone Group Plc’s assets  in case it does not pay 2.1 billion tax bill, reports said.

"Anil Sant, deputy commissioner of income tax, informed the company’s Vodafone International Holdings BV Dutch unit of its dues in a letter dated Feb. 4," Bloomberg News reported and said it  saw the copy of the document.

" Vodafone confirmed it received a tax reminder which references asset seizures in the event of non-payment. A representative at India’s tax department declined to comment,"  Bloomberg News  said.

 

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