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TAX ON TELCOS
ET Prime Special Series: Multibagger or IBC - Part 59: Japan taught it. Tata bought it. Now EVs will test this auto ancillaryThis is a story about a company that is simultaneously an asset and an anomaly. An asset because it builds a tangible, necessary product, g...
'Worst behind us, Vodafone Idea starting FY27 with a clear plan', says executiveVodafone Idea is gearing up for a transformative leap in capital investments, set to kick off in the first quarter of FY27. With a bold vis...
Tata Elxsi Q4 Results: Profit jumps 28% YoY to Rs 220 crore; co declares Rs 75 per share dividendTata Elxsi reported Q4FY26 results with net profit rising 28% to Rs 220 crore and revenue up 9% to Rs 994 crore, driven by deal wins, media...
Telecom majors likely to plead for review of SC licence fee rulingIndia's top telecom companies are likely to file a review petition against the Supreme Court's ruling that treats license fees as a capital...
Dial T for telco tax: Supreme Court rings in tweaksThe Supreme Court ruled that license fees payable by telecom companies will be treated as capital in nature, potentially leading to additio...
Budget 2023: Telcos want licence fee cut, input-tax credit refund"This (recommendations) will leave more funds with TSPs (telecom service providers) for expansion, increase liquidity, facilitate investmen...
Telcos seek refund of Rs 35,000 crore input tax credit, GST waiver on licence fee, SUCAccording to pre-Budget recommendations of telecom industry body COAI, whose members include Vodafone Idea, Bharti Airtel and Reliance Jio,...
Vodafone Group says has applied to settle retro tax dispute with Indian Govt"We can confirm we have filed an application. We have always been confident that no tax liability arose in respect of our acquisition of th...
Exorcise ghost of retrospective tax amendment: Amending the Income-tax Act will assuage investor concernsThe question of law which the Supreme Court had unequivocally addressed was that although what was transacted was an Indian Telecom Network...
Supreme Court orders Income Tax department to refund Rs 833 crore to Vodafone IdeaThis is the second such refund that the telco will get and it comes at a time when the telco has told SC in the AGR case that it faces a se...
No timeline to remove I-T exemptions: Nirmala SitharamanIn her post-budget press conference, FM had talked about govt's intention to remove all I-T exemptions.
JioPhone: Operators may seek clarity on GST for bundled 4G handsetsAlthough Airtel, Vodafone India and Idea Cellular have not subsidised handsets so far, they could offer 'a scheme similar to what is being ...
Cut prices, pass GST benefits to customers, government tells telecom companiesAt present, telecommunication services attract service tax of 14 per cent along with Swachh Bharat Cess and Krishi Kalyan Cess of 0.5 per c...
Telcos plan to meet ministers’ group to discuss impact of GSTThe COAI represents India’s top phone companies such as Bharti Airtel, Vodafone India, Idea Cellular and new entrant Reliance Jio Infocomm,...
Simplify, rationalise tax for telecom companies: Assocham-KPMG studyIt will provide financial stability to debt-laden telecom industry which is constrained to spend large sums of money on network rollouts an...
- I-T department issues fresh notices to Bharti Airtel
I-T department had slapped 1,067-crore demand notice on Airtel in connection with taxation of overseas roaming charges for a four-year peri...
- I-T department slaps Rs 1,067-cr tax notice on Bharti Airtel
The notice relates to its alleged non-payment of Tax Deducted at Source (TDS) dues in the last four financial years.
- DoT wants cut in telecom levies
Indian telcos pay about 31% of their total revenues towards different forms of taxes, which is among the highest in the world, against the ...
- SC defers Vodafone hearing to Nov 15
India's apex court has deferred the hearing of Vodafone Essar's $2.5-billion tax case to November 15, the telecom company lawyer Harish Sal...
- 3G spectrum winners will also be allowed 2G entry
A key document prepared by the telecom ministry says successful bidders for third generation (3G) spectrum will also be alloted 2G airwaves.