Jan 09, 2013, 09.53 AM | Source: CNBC-TV18
The finance ministry is likely to reply to Vodafone's letter this week. The ministry is currently examining the letter. Aakansha Sethi of CNBC-TV18, joins with the details.
Aakansha Sethi (more)
Reporter, CNBC-TV18 |
Senior officials in the finance ministry have told that they are examining the letter sent to Vodafone. The letter sent to Vodafone said that while there is no tax applicable to Vodafone, they are willing to talk to the government and reach an amicable resolution. Sources in the finance ministry say that this is a positive sign.
It has been reported that a settlement is likely between Vodafone and the government. It remains to be seen if that actually happens because Vodafone is keen on a penalty interest as well as a waiver on the tax amount, but the government only wants to give a penalty waiver. So, whether they will be able to achieve a resolution or not, remains to be seen but it is likely that a meeting will happen between the two parties over the next one month.
Labour Min partners with Uber, Quikr for career portal
The labour ministry inked eight memorandums of und
Asset quality, global volatility to be bigger drivers: JM Fin
According to Suhas Harinarayanan, JM Financial, mo
FDI in India swells 38%, but falls 16% globally: Commerce Min
Speaking at the Valedictory function of 'Invest Ka
Shalibhadra Fin standalone Dec '15 sales at Rs 3.15 crore
Shalibhadra Finance has reported a sales total inc
Indo Asian Fin standalone Dec '15 sales at Rs -8.70 crore
Indo Asian Finance has reported a standalone total
Sharyans Resources sells 20.25 lakh shares of Fortune Fin
On January 4, 2016 Sharyans Resources Limited sold